/biz/ - Business & Finance

how is taxation on crypto in your country? if/when you cash out to fiat
I was looking into crypto during the last boom, was it 2018? but completely lost interest after I learned how pozzed the Swedish taxation is with having to declare every single trade you make between coins and taxed out the ass in the end which can either leave you in tax debt and pozz your life (like that one guy) even if you made 0 literal gains or just don't earn anything from your trades at all in the end if you made too many trades even though it looked good. it's bad enough having a flat tax when you cash out but that... lol
it was only good here in the early days before taxation of crypto and guys cashed out on bitcoin early

so what do you do with your earnings, do you just go full scam dodge taxes and escape to some shitty country and cash out there or what are the rules in your country?