Question: Jorge is a client facing Manager in the Tax function. He heard a lot about the benefits of cryptocurrencies from his friends and family and

Jorge is a client facing Manager in the Tax function. He heard a lot about the benefits of cryptocurrencies from his friends and family and decides to purchase cryptocurrency.

Which of the following is TRUE?

Jorge's immediate family can purchase any cryptocurrency or digital asset without reporting it

.

He must report only reportable cryptocurrency and NFT purchases in KICS.

He must ensure that the total value of his digital wallet for cryptocurrency is not material to his net worth.

None of the above

Jorge is a client facing Manager in the Tax function. He

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