The journey of cryptocurrency trading does not end with making and making huge profits. Investors who pass the first threshold to profit in the cryptocurrency market must complete the process of calculating their tax liability.
This article is a quick guide on when crypto taxes apply and when they are exempt.
What is a cryptocurrency tax?
A crypto tax is a tax levied by the government on crypto investors. In every country and administrative region, laws regarding the taxation of cryptocurrencies differ. This article discusses U.S. crypto tax law as it could set the standard for tax laws in other countries as well.