Crypto tax would be lucrative but challenging, IMF paper says

Authors say authorities face problems categorising and tracking cryptocurrency activity

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Cryptocurrency taxes could produce “tens of billions of dollars” in revenue, despite challenges, a working paper published by the International Monetary Fund says.

Taxing cryptocurrencies, by Katherine Baer, Ruud de Mooij, Shafik Hebous and Michael Keen, provides several estimates for how much revenue this policy could generate. When the crypto market was valued at $2.6 trillion in November 2021, a 20% capital gains tax might have produced $26 billion worldwide.

But the authors estimate the

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