Why Governments Can’t Tax Crypto Without Going Global

Crypto’s pseudonymity and global reach make taxation nearly impossible with current tools. Blockchain analytics help but cannot legally confirm ownership. To address this, experts propose a global public digital infrastructure that securely links crypto wallets with taxpayer IDs, enabling real-time cross-border tax enforcement. Privacy coins like Monero complicate matters further, requiring new investigative and regulatory strategies. Without such infrastructure, governments risk losing billions in tax revenue and transparency.