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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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Tr4nquil25
@tr4nquil25
Absolutely true, navigating crypto taxation requires diligence. Each country's approach adds complexity. It's wise to keep track of local regulations and seek professional advice to ensure compliance.
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