Crypto Taxation in Different Countries: A Comparative Analysis

Cryptocurrency, a digital or virtual form of currency, uses cryptography for security and operates independently of a central bank. It gained prominence with Bitcoin and now includes various other currencies like Ethereum, Ripple, and Litecoin. With its increasing popularity, governments worldwide have started to recognize and regulate these digital assets, particularly focusing on taxation. Understanding the tax implications of cryptocurrencies is crucial for investors, traders, and users across the globe.