My cryptocurrency transaction is starting to yield profits and I am excited to see the result of my investment. The volatility of the market can be a challenge, but so far everything is going well. It is important to remember that profits from cryptocurrencies may be subject to taxes, depending on the legislation of each country.

That is to say, if you have made profits from your cryptocurrency transactions during a fiscal year and have capitalized on those gains, you are likely required to report them to the relevant tax authority. It is advisable to consult with a professional to better understand your tax obligations ¹.