Departure Triggers Tax Bill for Bitcoin Holders in Some Countries

The way some countries tax Bitcoin gains has changed for crypto holders who leave their country of residence. Canada, Australia, and others now consider departure as a taxable event, even if no coins are sold.

Jeremy Savory, CEO of relocation firm Millionaire Migrant, said more clients in these countries want to move before an expected Bitcoin rally, rather than after. He noted that the 'planning question has moved from where to when.'

The Automatic Exchange (AEoI) and the Crypto-Asset Reporting Framework (CARF) are behind this change. CARF requires crypto providers to gather tax-residence and transaction information on users, making it visible across jurisdictions.