The Hedged Bitcoin service is essentially a software application running on the Uphold Platform. When a user authorizes the application on their Uphold account, they give permission to this software to trade Bitcoin on their behalf. The Hedged Bitcoin service is associated only with the trading of Bitcoin and does not involve any other crypto-assets accessible through the Uphold Platform.
If the tax jurisdiction where the user resides treats Bitcoin as a taxable asset, the user is responsible for paying applicable taxes as required by the law. The Uphold Platform provides tax statements whenever it is required to do so by the law. The details about those statements depend on the user jurisdictions. Please contact Uphold Support regarding any questions related to the tax forms they provide.
Please note that Ternary Intelligence does not provide tax advice. By accepting the Terms of Service, you have acknowledged that you as the user will determine any tax implications associated with the use of the Hedged Bitcoin Service. Please consult an accountant, lawyer or tax authorities in your local jurisdiction to determine any tax consequences.