Odaily Planet Daily News: Tax authorities such as the IRS and HMRC are currently stepping up their scrutiny, and new frameworks such as the EU MiCA are being introduced, so investors must remain proactive and informed. Konstantin Vasilenko, CEO of Paybis, advises: "Many people involved in cryptocurrencies initially do not know that they need to make tax declarations and holdings. However, with the tax system scheduled to step up scrutiny from 2025, initiative is crucial." In the United States, cryptocurrencies are considered digital assets, and capital gains tax is paid when they are sold or traded, with the tax rate depending on the holding period and income level; miners and staking income are subject to income tax, and exchanges will need to report user data from 2025. In the UK, capital gains tax is paid when crypto assets are sold or exchanged, with a tax rate of up to 24%, and a tax exemption of £3,000 per year; mining income and crypto salary income are subject to income tax and national insurance contributions. In the EU, tax rates vary from country to country, and the MiCA regulations that will come into effect in 2025 will unify some rules and enhance tax transparency. (The Block)