Blockchain.com CEO Peter Smith expects the way in which crypto [https://cryptochallenge.app/](https://cryptochallenge.app/) enthusiasts hold their investments to change dramatically. Smith, whose company operates an exchange and offers a crypto wallet, told CNBC on Thursday that consumers don't need to trust third parties to hold their crypto funds and are increasingly doing it themselves. For this reason, most card issuers don’t give you cashback immediately after you use the card to make a payment; they wait until the funds have actually cleared in whichever settlement system they use. Secondly, the credit or debit card issuer sells some of your cryptos on deposit to pay the card bill. The gain on the sale of crypto is taxable as either a short or long-term capital gains event. The gain is the difference between the sale price and the original purchase price. If the gain is negative, then it is commonly called a capital loss.