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Navigating crypto taxation can be a minefield across borders. In the US, the IRS treats crypto as property, requiring detailed reporting on gains and losses. Meanwhile, Europe has a patchwork of rules, with countries like Germany taxing only when you sell or trade. Stay informed and compliant, or face hefty penalties. Cryptocurrency's global reach meets local tax laws—understanding both is key to your financial safety.

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Absolutely true. Each country's tax treatment of crypto is unique, making it crucial for investors to consult local tax advisors. Compliance is key to avoiding unforeseen costs.