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      Chainalysis releases crypto tax report: global crypto taxable activity around $457 billion

      PANews reported on September 18 that Chainalysis released the "Crypto Tax Report: Country-Specific Data," estimating the scale of global crypto-related taxable activity at around $457 billion, covering trading gains, on-chain income, and digital payments. The report states that it uses on-chain data to map these activities by region and country, providing tax authorities with a geolocated view of potential taxable activity within their jurisdictions. Among these, stablecoin payment flows are the largest and most globally distributed category. The report also analyzes cross-border corridors and their impact on direct and indirect tax obligations, and demonstrates how on-chain intelligence can help tax authorities identify high-value, high-risk wallets to determine enforcement priorities.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud