Answer:
That is correct, some crypto transactions are taxable in the U.S. and other countries.
Explanation:
According to the IRS, the following types of crypto activities and transactions can have tax consequences:
Selling cryptocurrency for fiat money (such as U.S. dollars)
Trading cryptocurrency for other cryptocurrency
Spending cryptocurrency to buy goods or services
Earning cryptocurrency as income (from mining, staking, etc.)
Receiving cryptocurrency as a gift or donation