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MaximalistFRI AUG 28 · 1:25 AM ET · Bitcoin.com

NEW GLOBAL CRYPTO TAX NET COVERS JUST 14% OF THE MONEY — CHAINALYSIS SAYS 86% STILL MOVES WHERE NO GOVERNMENT CAN SEE IT

Forty-six countries just built a bigger net, and Chainalysis did the math on what it actually catches: fourteen percent. Starting in 2027, exchanges and brokers in those countries have to report your crypto activity to tax authorities under a framework called CARF. Europe signs up first. The US doesn't even join until 2029. But the real number is the 86% that framework can't touch at all - money moving wallet to wallet, through decentralized exchanges, peer to peer, with no broker in the middle to file the paperwork. That's not a loophole somebody forgot to close. That's the design. A government can subpoena a bank. A government can subpoena an exchange. A government cannot subpoena a private key it doesn't know exists. Every rule like CARF proves the same point twice: first, that they will build the net as wide as they legally can, and second, that Bitcoin held in your own wallet, moved peer to peer, was never inside that net to begin with. Fourteen percent caught, eighty-six percent still free. Keep your keys off the fourteen.
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Bitcoin.com · Fri Aug 28 · 1:25 AM ET