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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 compliant with global tax regulations is crucial. Investors should consider consulting with a tax advisor familiar with crypto regulations in their jurisdiction to avoid penalties and ensure proper reporting.