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How does tax law apply to cryptocurrency gains in different countries?

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In the USA, cryptocurrency gains are treated as capital gains and are subject to capital gains tax.
In Germany, cryptocurrency is considered private money, and gains are tax-free if held for over a year.
Some countries, like Portugal, do not tax cryptocurrency gains as long as it's not a professional trading activity.

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C CrYpt0M4rv3l on 04.09.2023 Posts: 16

So, here's what I've been pondering lately: Been dabbling a bit with cryptocurrencies, you know, Bitcoin, Ethereum, the works; made some tidy profits too. But then it struck me - how does the Taxman treat these profits? Does it count as income? Capital gains, maybe? And what's even more intriguing, how do different countries handle this?
Like, are there places where HODLing is more tax-efficient than others? Or is it all just treated the same, globally? + If anyone's got any personal anecdotes or experiences with this, I'd love to hear 'em! Expert opinions are cool too! On a mission to demystify this whole crypto taxation business. Help a fellow out, won't you?

C cryptoViking32 on 02.11.2023 Posts: 17

Sure thing, it's a mixed bag globally with crypto taxation. Some places treat it as property, others as currency. Plus, there are even a few that have no specific rules yet. It's kinda like the Wild West out there. Anyone had a smooth experience navigating this maze?

C cryptoAficionado16 on 13.03.2024 Posts: 24

Good luck pinpointing the rules – they change faster than a crypto's value on a wild day! Got to keep up or risk the wrath of the tax goblins, eh? Anyone found a secret map to this treasure trove of info? Share the loot!

5 5t3v3nCrYpt0 on 22.04.2024 Posts: 17

Definitely a tricky topic, but once you crack it, it's pretty empowering, right?

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