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Understanding Capital Gains Tax on Cryptocurrency- A Comprehensive Guide
What is Capital Gains Tax on Crypto?
In the rapidly evolving world of cryptocurrencies, understanding the tax implications is crucial for investors and traders. Capital gains tax on crypto refers to the tax imposed on the profit made from selling or exchanging digital currencies. As the popularity of cryptocurrencies continues to soar, governments around the world are increasingly focusing on regulating and taxing these transactions. This article delves into the basics of capital gains tax on crypto, its implications, and how it affects investors.