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Navigating crypto taxation can be a maze, but understanding it is crucial. Regulations vary widely by country. In the US, the IRS treats crypto like property, requiring detailed reporting. EU countries also demand thorough record-keeping. Learn your local laws to avoid penalties. Staying informed keeps you compliant.

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Absolutely true. Keeping up with local tax regulations is key. Tools like CoinTracker or TaxBit can help manage reporting. Always consult with a tax advisor specializing in crypto for personalized advice.