regulators cannot fully control the movement of crypto currencies, so for now they are limited to places in the euro area, that is, it has not yet entered into legal force
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📉 Cryptocurrency Taxes: What's Happening?
- In the USA and the UK, cryptocurrencies are taxed as property. This means that when selling crypto assets, capital gains tax must be paid.
- In Europe, Switzerland leads: here you can pay taxes with cryptocurrency, but it is still subject to income tax.
- Some countries, like Portugal and Germany, offer tax incentives for long-term investors.
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