2025 global potentially taxable on-chain crypto activity reaches $457 billion, CARF coverage only 14%

Odaily News Blockchain analysis firm Chainalysis stated that the scale of potentially taxable on-chain crypto activity globally in 2025 amounts to at least $457 billion, with approximately $112.6 billion in the US, $134.6 billion in North America, and $125.1 billion in the EU. The estimates cover realized gains, mining, staking, lending income, and crypto payments, but do not include activities such as trading on centralized exchanges.

Chainalysis noted that of the on-chain taxable activities it identified, only 14% fall within the scope of the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF), while the remaining 86% involve decentralized exchanges, peer-to-peer transfers, on-chain income streams, and payment activities.

CARF was established by the OECD in 2022 and requires eligible crypto service providers to report customer transaction data to tax authorities. CARF data collection commenced on January 1, 2026, in 48 jurisdictions, including the UK and EU member states. Platforms are required to collect customer and tax residency information and report transaction data. (Cointelegraph)