The Taxman Enters the Blockchain

Crypto assets present unprecedented challenges for tax administrations worldwide. Their decentralized, pseudonymous nature undermines traditional frameworks, leaving policymakers scrambling to balance compliance, fairness, and innovation. From GST/VAT on mining services to taxation in the metaverse, the stakes are especially high for developing countries. Coordinated global action, technological capacity building, and new frameworks for DeFi, NFTs, and anonymity tools will be critical to prevent tax evasion, ensure fairness, and future-proof taxation in the digital economy.