Can Crypto Actually be Used for Tax Evasion?

The relationship between the crypto business and the rest of the world is a bit of a mixed bag. On the one hand, it has had tremendous success in recent years, with greater public awareness and more people entering the market than ever before. At the same time, the crypto business has been the target of criticism and accusations from both ordinary people and regulatory organizations over the years. One of the most popular allegations is that cryptocurrencies will be used to avoid paying taxes. This has been used as a basis for anti-crypto regulation as well as public anti-crypto sentiments. Is this, however, a valid claim? How easy (or difficult) would it be for crypto to be used for tax evasion?

Read →