International Monetary Fund: The cryptocurrency tax system must adapt to cryptocurrencies with "coherence, clarity, and effectiveness."

ChainCatcher news, the International Monetary Fund (IMF) working paper on taxation and cryptocurrency assets warns that taxing cryptocurrency assets is more challenging, and the current tax system is not designed to handle these assets. The IMF's working paper emphasizes that certain crypto assets may not persist in the future, while other enduring assets will become "fundamental innovations in decentralized finance." Therefore, the IMF states that the tax system must adapt to cryptocurrencies with "coherence, clarity, and effectiveness." (source link)