Cryptocurrency

Tax Investigation and Enforcement Challenges for Crypto Assets: The Role of Blockchain Analysis and Profit and Loss Calculation, Part１

Ⅰ.　IntroductionSince the birth of Bitcoin, the world’s first crypto asset1, in 2009, digital assets2 based on distributed ledger technology and cryptography—particularly crypto assets, which are electronic vouchers issued and managed using these technologies—have posed significant issues for policymakers worldwide in areas such as taxation and money laundering. Their complex nature stems from several key characteristics3: Decentralization – The network operates in a decentralized manner. It has no central-governing body and no intermediaries to facilitate...