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The REAL Reason Bitcoin Price is PUMPING! (8 Minute explanation)The tax rates for crypto gains are the same as capital gains taxes for stocks. Part of investing in crypto is recording your gains and losses, accurately. In Arkansas, cryptocurrencies such as Bitcoin are not subject to tax. California. Cash Equivalent. California treats virtual currencies, such as. If you held a particular cryptocurrency for more than one year, you're eligible for tax-preferred, long-term capital gains, and the asset is taxed at 0%, 15%.