Summary
- On-chain potentially taxable crypto activity around the world reached more than $457 billion in 2025, with the United States alone accounting for roughly $112.6 billion. Material taxable activity can be attributed to all other countries as well.
- The OECD’s Crypto-Asset Reporting Framework (CARF), the EU’s DAC 8, and domestic information reporting reforms are meaningful steps forward, but material portions of DeFi, peer-to-peer (P2P) transfers, private wallet holdings, and historic activity fall outside their scope.
- Without blockchain intelligence to complement traditional reporting, tax authorities risk being aware of only a fraction of crypto activity that is relevant to accurate risk assessment and tax calculations.
This chapter is a preview of our report, The Crypto Tax Report: Mapping Global Taxable Activity with On-Chain Data. The report covers on-chain activity across six major blockchains (Bitcoin, Ethereum, Solana, Tron, BNB Smart Chain, and Base), attributed to countries using a combination of direct location signals and proportional allocation based on service-level activity. Because trading, staking, and lending conducted inside centralized exchanges (CEXs) are not visible on-chain, our estimates likely understate total economic income. Download your copy for the full methodology and country-level breakdowns.
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These people are insane. A blockchain address has no ip or country or personal id attached to it. And a transfer from one address to another is not a taxable event. They just sell their useless and damaging spyware.