What taxes do I need to pay if I invest in cryptocurrency?

The taxation of cryptocurrency investments varies greatly from country to country. It is important to check the laws in your country before investing in cryptocurrency. In some countries, cryptocurrency transactions may be subject to capital gains taxes, sales taxes, and income taxes. In other countries, such taxes may not apply or may be limited in scope. In the United States, for example, capital gains taxes are due on any profits from the sale of a cryptocurrency.