Global cryptocurrency tax policies are quietly upgrading, and countries are taking action! The US IRS has classified crypto assets as digital assets, similar to stocks and bonds, with capital gains tax applicable on sales or exchanges, while mining and staking income are taxed as income. In the UK, a capital gains tax of up to 24% is imposed on crypto transactions, with a basic tax rate of 10% and a £3,000 tax-free allowance. The EU presents a diverse landscape, with Germany offering tax exemption for holdings over one year, while Spain and Portugal set different tax rates. The differences in policies among countries are significant, and investors need to pay close attention to avoid tax pitfalls! 💰🌍📊