Only 0.5% of global crypto users paid taxes in 2022: report

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According to Divly, a Swedish cryptocurrency tax firm claimed that over 99% of cryptocurrency users worldwide are not crypto taxers. Divly has published a detailed report on crypto taxes, including the names of the countries paying the most and least taxes.

The report is titled Global Cryptocurrency Taxation Report 2022, in which the company analyzed the total taxes collected in 2022 by countries with heavy cryptocurrency users.

The Divly report is based on taxes levied in several countries on crypto holdings in 2022. Finland tops the list, where 4.09% of total crypto users paid taxes on their holdings in 2022. Philippines is ranked last in the list, with 0.03% of total crypto holders paying their taxes in 2022.

List of countries that paid crypto tax payment in 2022 Source: Divly (report on crypto tax paid in 2022)

The report states that Finnish cryptocurrency holders paid the most taxes in 2022, followed by Australia, Austria, Germany, UK, Norway, Japan, Sweden, Canada, United States, Netherlands, Ireland, France, Spain, Denmark, New Zealand and Singapore. , Switzerland, Italy, Brazil, India, Indonesia and the Philippines.

According to the report, 3.25% of crypto users from Oceania pay taxes, followed by North America, where 1.62% of total cryptocurrency holders pay taxes, Europe had only than 1.52% of crypto users who paid taxes in 2022, and the least taxes are paid from Asia where only 0.20% of total cryptocurrency users paid taxes.

According to data from Triples, there are over 420 million cryptocurrency users worldwide. Asia has the highest crypto user base, over 260 million; North America has 54 million active crypto users; Africa has 38 million crypto users; South America has 33 million crypto users, Europe has 31 million, and Oceania has the fewest crypto users at 1.5 million.

It is important to note that Oceania has the fewest crypto users but pays the highest taxes compared to other continents. Over 3% of the total crypto users in Oceania pay crypto taxes.

These days, trading and holding cryptocurrencies is as easy as browsing the internet. In fact, over 500 businesses worldwide now accept cryptocurrency payments. Some big names on the list are Tesla, Microsoft, Visa, Mastercard, Burger King, Shopify, and several others.

Disclaimer

The views and opinions expressed by the author, or anyone named in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptos or stocks involves the risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies during his post-grad studies. He is a fine observer of details and shares his passion for writing while being a developer. His backend blockchain knowledge helps him bring a unique perspective to his writing

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