Do I have to pay taxes if I convert one crypto to another?

I'm curious to understand the tax implications of converting one cryptocurrency to another. Do I need to declare and pay taxes on such a transaction? Is there a threshold or specific circumstances that would trigger a tax obligation? I'm interested in understanding if this is a taxable event in most jurisdictions and what are the general guidelines or rules that apply. I'm hoping to gain clarity on the tax consequences of such conversions to ensure I'm complying with all relevant regulations.