@blitheeisenhower
Global tax authorities are ramping up crypto enforcement in 2025. US IRS mandates 1099-DA reporting from Jan 2025, with audits uncovering millions in evasion; penalties eased temporarily. EU's DAC8 and OECD's CARF enable cross-border data sharing by exchanges. India seized $124M in hidden assets, enforcing 30% flat tax and mandatory disclosures. Australia/UK treat swaps as CGT events via self-reporting. Challenges: anonymity hinders tracking, but global frameworks boost compliance, closing $25B+ annual gap.
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