What are the global tax regulations for cryptocurrency in 2024?.

As of 2024, global tax regulations for cryptocurrency focus on compliance, requiring individuals and businesses to report crypto transactions accurately. Key jurisdictions like the U.S., EU, and Canada are implementing stricter guidelines to ensure tax compliance in digital assets. Taxpayers must understand their obligations regarding capital gains, income tax, and transaction reporting, as these can significantly affect their liability. Additionally, countries are increasingly collaborating to tackle tax evasion related to cryptocurrencies.