Except for a handful of countries (one of which I reside in), most governments found a way to tax cryptocurrency. Crypto tax laws vary from country to country. Whether it is income or capital gains tax, your country chooses to apply, you are probably looking at an effective tax rate of between 20-45%.
However, most law makers are alien to crypto concepts and blockchain is actually out of their purview. As such, it is possible to analyze the laws of someone’s country and find a financial route to minimize cost of cashing out your cryptocurrency gains.
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