Global Taxable Crypto Hits $457B as NZ and S. Korea Eye Reform
Global taxable crypto assets have reached an estimated $457 billion, according to blockchain analytics firm Chainalysis. This figure represents on-chain taxable digital currency activity in 2025, which includes gains, income, and payments from centralized and decentralized exchanges, mining, staking, lending, and gambling.
The largest share of this activity came from the U.S., accounting for $112.6 billion, followed by Germany and China at $24.1 billion and $21 billion respectively.
New Zealand's ACT party has proposed a tax reform that would exempt individuals from paying taxes on digital currency gains if they hold them for over a year. This is in contrast to the current regulations, which require investors to calculate tax on their profits whenever they sell or swap their digital assets.