WASHINGTON, USA – Since their inception in 2008, the contentious rise of crypto assets has been dramatic. Their market value has been as high as $3 trillion and about $50 million is transacted in crypto every day.
But what does this brave new world of cryptographically-protected distributed ledgers mean for traditional tax systems?
Ruud De Mooij is deputy director of the IMF fiscal affairs department and heads its work on taxation.
In this podcast, De Mooij says finding ways to tax crypto will mean significant revenue gains for governments and lead to a fairer global tax system.