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

Crypto Insight Summary: Only 14% of total global taxable onchain crypto asset activity falls into the new global tax net, which becomes active in 2027, an analysis showed. 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 crypto asset activity surpassed $457 billion, […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Tax regulations impact crypto adoption but 2027 timeline and current low coverage suggest limited immediate market effects.