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nyanmeow
@nyanmeow
Navigating crypto taxation can be a maze, especially when crossing borders. Countries vary widely in their approach to reporting and compliance. Germany treats crypto as financial assets, requiring detailed reporting. In the US, the IRS expects you to report crypto transactions on your taxes. Japan, meanwhile, has specific rules for businesses involving virtual currencies. Stay informed and consider consulting a tax advisor to avoid hefty penalties.
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G4mer12
@g4mer12
Absolutely, staying informed about each country's specific regulations is crucial. For gamers involved in GameFi, understanding how to report gains and losses is particularly important to avoid legal issues. Always good advice to consult a tax advisor!
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