Global Crypto Tax Net Has Massive Gap; China’s Taxable Crypto Only One-Fifth of US
Last year, potentially taxable global onchain crypto asset activity surpassed $457 billion, according to a new report from blockchain intelligence firm Chainalysis. Of that total, $125.1 billion is attributed to European countries, $112.6 billion to the United States, and $21 billion to China, where onshore crypto trading is banned. These figures represent a lower-bound estimate ...