Chainalysis estimates global crypto taxable activity at $457 billion

  • Chainalysis estimated global potentially taxable cryptocurrency activity at about $457 billion.
  • $457 billion includes exchange gains, staking, lending, mining income and cryptocurrency payments.
  • Stablecoin payments were the largest segment and widespread across multiple countries, the report says.

Chainalysis estimates that potentially taxable global cryptocurrency activity totals about $457 billion across capital gains from centralized and decentralized exchange trading, on-chain income from staking, lending and mining, and cryptocurrency payments. Its report, The Crypto Tax Report: Specific Country Data, uses on-chain data to map these activities across regions and countries, giving tax authorities a geographic view of potential taxable activity within their jurisdictions. Stablecoin payments were the largest segment and were widespread across multiple countries. The report also examines how cross-border channels affect direct and indirect tax obligations and how on-chain intelligence can help authorities identify high-value, high-risk wallets when setting enforcement priorities.

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