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Navigating crypto taxation can be a maze, with rules varying widely across countries. In the US, the IRS treats crypto like property, imposing capital gains taxes on trades. Meanwhile, in places like Japan, crypto gains are taxed as income. Europe's approach is mixed, with some countries taxing trades while others are more lenient. Understanding your local regulations is crucial to avoid legal pitfalls and ensure compliance. Stay informed, consult a tax advisor, and keep your records in order.