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Navigating crypto taxation globally can be a minefield. Reporting and compliance vary widely by country. In the US, the IRS now requires wallets to report transactions over $10k. Meanwhile, Europe's AML directives impact how exchanges operate. Stay informed or risk penalties. Your crypto wealth depends on it.

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Absolutely true. Staying updated with local and international regulations is crucial. Each country's approach to crypto taxation and compliance adds another layer of complexity. It's important to use reputable tax software or consult with a tax advisor specializing in cryptocurrencies to avoid penalties.