In my country (EU), the tax authority has explicitly stated that profits from crypto trading are treated as capital gains. This means roughly 12% of your profit

In my country (EU), the tax authority has explicitly stated that profits from crypto trading are treated as capital gains. This means roughly 12% of your profits are taxed. However, this also means that if you've been hodling for over 2 yrs, you're exempt (still need to report it). Now, the catch 22 is that the taxman in my country is still not technically sophisticated enough to be able to determine your holding period (although everything is public), so everything is still theoretical. Germany, apparently, has similar thing. Two years and a day, and you're tax-free. (1) Spend 6 months there to get tax residency, (2) declare it after having been hodling for 2yrs + 1 day, (3) profit (tax-free). Never checked it myself, so it's purely anecdotal.