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For those deeply immersed in the fast-paced world of frequent cryptocurrency trading, the year 2025 heralds a significant evolution in accounting and tax compliance. With the cryptocurrency market's exponential growth, from a modest $5 billion market cap a decade ago to a staggering $3.9 trillion today, regulatory bodies are tightening their grip to ensure transparency and compliance. This comprehensive guide is tailored to equip active crypto traders with the essential accounting practices needed to navigate the updated regulatory landscape, focusing on the critical changes that took effect at the beginning of 2025 and outlining how to maintain financial integrity and legal adherence.
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