If I'm not mistaken you won’t be taxed if you bought the asset and you’re holding it. Crypto tax regulations can vary by country and jurisdiction, some are more crypto friendly than others. In countries like the US, you have to pay capital gains tax if you sold the asset and made profit on your trades. Cryptocurrencies are taxed like stocks and other types of property, and taxable events include selling crypto, using your crypto to purchase goods and services, and trading one crypto for another crypto on any exchange. But in other countries, like Portugal, Singapore, Malaysia, Switzerland, Cayman Islands, Germany, Malta, etc., tax regulations are more crypto friendly, so you either pay less taxes on proceeds from crypto trading, or you’re not taxed at all. It’s best to learn more about the regulations in your country.
