Do I have to pay taxes on cryptocurrency if I haven't sold it yet?

Tax obligations for cryptocurrency vary by country and jurisdiction. In most countries, including the US, you generally don't owe taxes simply for holding cryptocurrency. However, taxable events occur when you sell, trade, or exchange crypto for another asset or fiat currency. Some jurisdictions also tax mining rewards, staking rewards, and airdrops as income at fair market value when received. Additionally, certain countries may impose wealth taxes on crypto holdings above specific thresholds. Since tax rules are complex and constantly evolving, it's crucial to consult with a tax professional familiar with cryptocurrency in your jurisdiction to understand your specific obligations and ensure compliance.