Monero (XMR) is a privacy-focused cryptocurrency that is often used for illicit activities. However, it is important to note that Monero cannot be used to avoid taxes. Tax laws apply to all forms of income, including cryptocurrency.
In many countries, cryptocurrency is considered a taxable asset and is subject to capital gains tax when sold for a profit. The exact tax implications of cryptocurrency transactions vary by jurisdiction, so it is important to consult a tax professional for guidance on the specific laws in your country. Read More