Legal Approaches to Taxation of Cryptocurrency in Foreign Countries

Abstract

The article examines existing legal approaches to general regulation of cryptocurrencies as well as their taxation in some foreign states (the USA, the Netherlands,, Germany, Portugal, Singapore). A comparative analysis based on international standards of fiscal policy (e.g. OECD tax classification) was conducted to assess differences and similarities across multiple jurisdictions. As a result, some generalized legal approaches to the taxation of cryptocurrencies are derived.