October 2, 2024

As cryptocurrencies like Bitcoin and Ethereum continue to grow in popularity, governments worldwide are developing tax regulations to manage the gains from these digital assets. In the United States, the IRS treats crypto as property, applying capital gains tax on sales, trades, and even purchases made with crypto. Countries like the UK and Canada take a similar approach, while nations like Germany and Portugal offer more favorable tax treatments, especially for long-term holders. This article breaks down the crypto tax policies of major countries, helping you navigate the complex world of crypto taxation.