How crypto is taxed in plain English
Most tax authorities treat crypto as property, not currency. That means many actions are taxable events, including selling for fiat, swapping one coin for another, spending crypto for goods or services, and receiving tokens as income. In the United States, the IRS says anyone with digital-asset transactions must report them and answer the digital-asset…
Whether crypto casino or sportsbook winnings are taxable depends on where you live. In the United States they are fully taxable and must be reported at their fair market value when you receive them. In the UK and Canada, casual gambling winnings are generally not taxed, but later sales or swaps of the crypto you won can trigger capital gains…
Cryptocurrency transactions commonly create taxable events. This beginner-friendly guide explains when you must report gains or income, how to calculate gains/losses, what records to keep, and short country notes for major jurisdictions so you know where to look next. This is general information — for tax planning or filing, consult a qualified tax professional in your country.
1) Crypto tax basics…