If you've been staring at candlestick charts trying to figure out the ups and downs recently, you might have missed the most important thing to watch for this year. Honestly, the biggest risk in the crypto space in 2025 is not a bear market correction or project scams—it's the new regulations coming from North American tax authorities.

Just look at the recent actions of retail investors in North America, and you'll see a rush to liquidate holdings. What kind of market signal is that? Frankly, it's a preparation for new tax policies. And this isn't just a concern for American investors.

Some might think, "I'm not in the US, so this doesn't affect me." But you need to think clearly— the global crypto market is interconnected. As the largest trading market, US regulations can trigger a domino effect. Not to mention, more and more countries are pushing forward with crypto tax regulations, and sooner or later, it will reach your territory. So no matter where you trade, this content is worth paying close attention to.

Here are some core changes in the new regulations you should be aware of. First, trading platform data is now directly connected to tax authorities. Previously, platform records were kept by the platform but not necessarily reported proactively. Now, every sale operation is monitored in real-time, leaving no room for hiding. Second, the rules for cost calculation have become extremely strict. The old methods of cross-platform "wild" cost accounting are completely invalid—each account and wallet must be calculated separately. You need to keep clear records for every asset: where it came from, how much you spent, and where you sold it.

The most severe change is the automated audit system. This system has no manual review buffer; it relies entirely on algorithms. If the data doesn't match, it triggers an alert immediately. Someone even missed reporting a small transaction worth a few hundred dollars and ended up being pursued for back taxes and fines. This is the current situation—there's no room for leniency; rules are rules.