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International coalition investigating cryptocurrency tax evasion, money laundering

Tuesday, July 31, 2018 @ 8:43 AM | By David Rotfleisch

The Wild West days of cryptocurrency and tax evasion are on the wane. Bitcoin, ethereum, dash and other digital currencies are now firmly in the crosshairs of worldwide tax authorities: the burning issue, of course, is the loss of tax revenue occurring from unreported cryptocurrency transactions.

The latest tax salvo occurred on July 3, 2018, when the Canada Revenue Agency (CRA) along with the Joint Chiefs of Global Tax Enforcement (J5) launched a joint, five-country international initiative aimed at investigating and combating cryptocurrency-related tax evasion and...