2
Key takeaways
-
Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events.
-
Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins.
-
Authorities use blockchain analytics firms like Chainalysis to link wallet addresses with real identities, tracking even complex DeFi and cross-chain transactions.
-
Maintaining detailed logs of trades, staking rewards and gas fees…
