Quote from: Die_empty on August 02, 2025, 05:50:49 PM

Japan and Denmark have the highest tax on crypto. It is on record that they collect as high as 15% to 55%, on crypto profits. I wonder the rationale behind these high taxes. I wonder if it is to discourage crypto use or to raise funds from taxes. Such laws will discourage crypto investment and people will bypass laws by all means. But the good part of the Japanese tax law is that crypto losses could be deducted from gains in the future before taxes are calculated.

What about India? I've heard rumors that the crypto capital gains tax rate in the country is high. While this is nothing more than an attempt to discourage crypto investment like you've said, people will always find a way to trade "under the shadows".

There are many DEXs, "De-Fi" protocols, and privacy/anonymization techniques these days. But you'd have to be extremely careful if you want to avoid getting caught. I wonder if crypto donations are taxable too? At least, within the aforementioned countries.