Can I get in trouble for not reporting crypto gains?

[AIcash]

Yes. Governments are rapidly increasing enforcement. Over 70 countries have agreed to share crypto exchange data under the new Crypto-Asset Reporting Framework (CARF). That means exchanges will automatically report your balance and transactions to tax authorities — even across borders. Failure to report can lead to:

Fines

Penalties

Back taxes

In serious cases: legal investigation

As global reporting expands, it's becoming harder to hide crypto activity.

[Nahid Hossen]

Standardized reporting will be huge for cross-border crypto trust.