Global taxable crypto hits $457B as NZ, S. Korea eye reform

Homepage > News > Finance > Global taxable crypto hits $457B as NZ, S. Korea eye reform Tax gain activities and regulations have been creating a lot of buzz in the digital currency world lately, as blockchain analytics firm Chainalysis estimated that taxable blockchain digital currency activity reached $475 billion globally in 2025. Meanwhile, New Zealand and South Korea have updates in their tax regulations for crypto. Chainalysis: Taxable blockchain activity categorized New Zealand proposes tax-free gains for holders South Korea rolls out revised tax guidelines Chainalysis estimates $457B in taxable crypto activity According to Chainalysis’s latest report, the U.S. accounted for $112.6 billion, the largest share of the world’s on-chain taxable digital currency activity, followed by Germany and China at $24.1 billion and $21 billion, respectively. “In 2025, the most recent complete year of data, on-chain taxable crypto flows — combining realized gains attributed to centralized and decentralized exchanges; income from mining, staking, lending, and gambling; and crypto-denominated payments — reached $457 billion,” the analytics firm said. In terms of geography, North Americ...