Almost Nobody Paid Taxes for Crypto in 2022, Report

Apr 7, 2023

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A New Study From the Swedish Tech Company Divly has Found That Less Than 1% of Crypto Investors Paid Taxes on Their Crypto in 2022

However, as with any investment, taxes are an important consideration. The taxation of cryptocurrencies is a complex and evolving area, with different countries taking different approaches. The Global Crypto Tax Report by Divly provides insights and findings on crypto taxation around the world, highlighting the key trends and issues facing crypto investors and traders.

Navigating the Complex World of Crypto Taxation: A Survey of 35 Countries

The report is based on a survey of 35 countries, covering a range of topics related to crypto taxation, including the legal status of cryptocurrencies, tax rates and rules, and the use of crypto for payment and remittance. The survey reveals a number of interesting insights into the current state of crypto taxation.

From Prohibition to Recognition: The Diverse Legal Status of Cryptocurrencies Around the World

One of the key findings of the report is that the legal status of cryptocurrencies varies widely around the world. In some countries, such as the United States and Japan, cryptocurrencies are recognized as legal assets and subject to taxation. In others, such as China and Russia, they are largely prohibited, and crypto trading and investment are either banned or restricted. This creates significant challenges for investors and traders who operate across different jurisdictions, as they must navigate complex and often conflicting regulatory frameworks.

The Taxing Reality of Crypto: Rates, Rules, and Challenges Across Countries

The report also found that tax rates and rules for cryptocurrencies vary significantly across countries. For example, in the United States, cryptocurrency is subject to capital gains tax, with a top rate of 37%. In Germany, cryptocurrency is subject to a capital gains tax of up to 25%, while in France the rate is 30%. Meanwhile, in countries such as Denmark and Sweden, cryptocurrency gains are taxed as income, with rates of up to 55%.

Bullish on Crypto: Despite Tax Considerations, Investors Plan to Increase Holdings

Despite these challenges, the report shows that many investors and traders are still bullish on crypto. According to the survey, 45% of respondents plan to increase their crypto holdings in the coming year. This suggests that while tax considerations are important, they are not the only factor driving investment decisions in the crypto space.

Beyond Investment: The Growing Use of Crypto for Payment and Remittance

The report also highlights the growing use of crypto for payment and remittance. According to the survey, 49% of respondents have used crypto for payment, with the most common use case being international remittance. This suggests that crypto may offer a viable alternative to traditional payment methods, particularly for cross-border transactions.

Staying Informed: Managing Tax Liabilities in the Dynamic Crypto Market

Overall, the Global Crypto Tax Report by provides valuable insights into the complex and rapidly evolving world of crypto taxation. As the adoption of cryptocurrencies continues to grow, it is likely that tax rules and regulations will become increasingly important for investors and traders to understand and navigate. By staying informed about the latest developments in crypto taxation, investors can make more informed decisions and better manage their tax liabilities in this exciting and dynamic market.

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Todd Lyndon
I am a junior copywriter, my main field is the crypto world and the real use case of the blockchains. I am also an expert of the NFTs and addicted to F2P games, also I am a game developer. My dream is to try all Blockchain games at the release.