Crypto is a blessing in so many ways. however The government always finds a way to get their hands in the pot. At least this pot is so big that they can't rob us blind this time around. The possibility to obtain high gains is very likely when getting involved with cryptocurrency. With financial gain comes taxation, at least in the united states. Every country has different laws, some countries are still yet to put laws into place. IF you are from outside the United states, i suggest you do your own research. Otherwise, the below information will be of use. There are methods to possibly avoid taxation, however if not done carefully your every crypto move is stored for everyone to see on the blockchain forever.