Home›Crypto›Regulation›Chainalysis estimates $457B in taxable crypto activity…

Chainalysis estimates $457B in taxable crypto activity, citing major gaps

The firm said only 14.0% of the onchain activity it identified falls under the OECD’s cross-border crypto tax-reporting framework.

Reported · Written up by our desk · Regulation

Chainalysis estimated that $457 billion of crypto activity is taxable, arguing that current tax-reporting coverage captures only a small portion of activity it can identify, according to Cointelegraph.

The firm said just 14.0% of the onchain activity it identified is covered by the OECD’s international crypto tax-reporting framework.

Chainalysis also suggested that the OECD’s CARF approach misses most activity, implying a wider gap between taxable transactions and what can be reliably reported through the framework.

More like this

Sources