Some countries, such as the United States, have classified cryptocurrencies as property (assets) that are taxable on income from transactions or investments. In the US, income tax is levied on profits made from trading cryptocurrencies, and wealth tax is levied on the value of cryptocurrencies held at the end of the year.In some other countries, such as Germany and Japan, cryptocurrency is considered legal tender and is taxed similarly to traditional currency. So if you make transactions with cryptocurrencies in these countries, you must report the appropriate income tax.However, tax laws around the world are evolving rapidly, and cryptocurrency tax rules may change over time. Therefore, it is important to check the latest tax regulations in your country before making transactions with cryptocurrencies or reporting taxes on such transactions.read more ... Crypto Tax Software. (The software makes it easy for cryptocurrency investors, traders and accountants to calculate and file their taxes accurately and efficiently)