Crypto Tax Collections Creep Up Even as Many Investors Don’t Pay

Taxes on cryptocurrency trading are contributing more to government coffers, but the available evidence suggests that most digital asset investors are ignoring their legal obligations to pay up.

The data are sketchy, as many governments say they don’t compile crypto tax figures. But for the most part, there has been a steady uptick in revenue in many countries—from zero just a decade ago, to tens of millions of dollars today.

The US has raised $109.6 million revenue in recent years from taxpayers buying and selling cryptocurrencies, according to court filings. India collected 1.6 billion rupees (US$19 million) in the taxation ...