Taxing the Cryptoverse: IMF Report Claims AML Rules Not Enough to Stop Tax Evasion
According to a report recently released by the International Monetary Fund (IMF), current anti-money laundering (AML) policies are inadequate for effectively dealing with tax evasion in the cryptocurrency industry. The paper emphasized the growth of centralized institutions in the trading of crypto assets, providing tax authorities with a chance to gather crucial ownership data.
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