Some Bitcoin holders tax bill is now set when they leave the country instead of when they sell

In Canada, Australia, and a handful of other countries, leaving now triggers a tax bill on Bitcoin gains that have never been sold. Both countries treat the moment someone stops being a tax resident as a disposal, calculating the gain at that day's market price whether or not a single coin ever changes hands.Jeremy Savory, CEO of the relocation firm Millionaire Migrant, said more of his clients in Canada, Australia and the UK now want to move before an expected Bitcoin rally, well before any decision to sell.He told CryptoSlate:“The planning question has moved from where to when.”Why residency has become the variable for Bitcoin holdersAutomatic exchange sends transaction data to the jurisdiction where a holder is officially considered tax resident. That is a distinct legal status from simply holding a tax identification number somewhere, and Savory calls conflating the two the biggest misconception among his clients.Under the CRS and the newer Crypto-Asset Reporting Framework (CARF), the reporting obligation sits with the provider, the bank or exchange itself, so the report follows the person regardless of where the asset itself moves.The OECD says 76 jurisdictions have committed ...