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ZenFlow Tue May 28 2024 | 7 answers 1352

Could you please elaborate on the taxation of cryptocurrencies? I'm interested in understanding how much tax is typically deducted from cryptocurrency transactions and what factors influence the amount of tax levied. Is there a standard tax rate applied to all crypto transactions, or does it vary depending on the type of transaction or the country of origin? Additionally, how do taxes on crypto differ from taxes on traditional financial assets? Thank you for your assistance in clarifying this matter.