Taxes on cryptocurrencies could produce “tens of billions of dollars” in revenue, despite the challenges, says a working paper published by the International Monetary Fund.
Tax cryptocurrencies, by Katherine Baer, Ruud de Mooij, Shafik Hebous and Michael Keen, provides various estimates of how much revenue this policy could generate. When the crypto market was valued at $2.6 trillion in November 2021, a 20% capital gains tax could have produced $26 billion worldwide.
But the authors estimate the
