Giant Hole in Global Crypto-Tax Net; China’s Taxable Crypto Only 1/5th of the US

Only 14% of total global taxable onchain crypto asset activity falls into the new global tax net, which becomes active in 2027, an analysis showed. European countries account for the largest share, while China’s taxable activity is less than one-fifth of the U.S.’s. Last year, potentially taxable global onchain crypto asset activity surpassed $457 billion, […]

Source: https://news.bitcoin.com/regulation-and-legal/giant-hole-in-global-crypto-tax-net-chinas-taxable-crypto-only-1-5th-of-the-us/