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Did you know?, tax

Did you know that 56% of countries now treat crypto income as taxable, up from 48% in 2024, including sale, swap, mining, airdrops, and staking rewards.  

The increasing regulation is a response to the growing mainstream adoption of cryptocurrencies, but tax treatment varies widely depending on the country and how the crypto was obtained

Did you know that Swapping or trading crypto assets (e.g., BTC for ETH) is a taxable event in over 80% of major jurisdictions worldwide in 2025.

This means you may owe capital gains tax on the profit from the disposed crypto asset (e.g., the difference between its cost basis and its fair market value at the time of the swap). 

Did you know that in many places the tax status of activities like staking, liquidity-pool tokens and DeFi (decentralised finance) transactions is still ambiguous — making crypto tax reporting especially complex?

Tax-guides caution that withdrawing or providing liquidity may be taxable, depending on how the transaction is structured.

Did you know that the legal recognition of crypto as property (instead of currency) not only affects tax, but also insolvency, asset recovery and bankruptcy law?

New analysis notes that US bankruptcy courts and English insolvency law treat crypto as property for legal rights and valuation.

Did you know that the figure that the U.S. IRS supposedly reported collecting over $38 billion from crypto-related taxes in 2024 was flawed?

In March 2024, the IRS announced that new enforcement efforts had collected $38 million—not billion—from more than 175 high-income earners with significant tax debts, some of which were tied to crypto and other high-wealth activities. The initial CoinLaw report mistakenly inflated the $38 million figure by a factor of 1,000, and omitted the context that it applied to high-income tax evaders rather than general crypto tax revenue.

 

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