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

An analysis shows only 14% of total global taxable onchain crypto activity falls into the new global tax net, which becomes active in 2027. 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 activity surpassed $457 billion.