In Germany they are taxable. It doesnt matter which to which you convert. But if you make profits on #ShibaInu or #UkraInu if will be so big that you dont have to worry hopefully!
I've only entered into crypto very recently and had a question.
If I swap BTC or an altcoin for a stablecoin like USDT or USDC or DAI.
Is that swap considered a taxable event?
Or only If i convert that stablecoin into INR?
The reason I ask is I was listening to a podcast/interview recently and the person mentioned that even these conversions into stables is a taxable event. Of course he was talking about UK tax laws.
Any thoughts?