The taxation of cryptocurrencies depends on the country. Generally, most countries treat cryptocurrencies as either property or a commodity for taxation purposes. As such, any profits generated from cryptocurrency transactions are typically subject to capital gains tax, income tax, or other applicable taxes. Additionally, certain countries have introduced specific taxes on cryptocurrency transactions, such as Thailand’s 7% digital asset tax, or Australia’s Goods and Services Tax (GST) which applies to all digital currency transactions conducted within Australia.