G-20 Eyes Tax Gold Mine in ‘Sexy’ Crypto Market

Tax authorities across the world, dazzled by potential revenue, have taken notice of the cryptocurrency market—despite its many booms and busts.

For tax authorities, the cryptocurrency market could be a rich source of revenue that has gone largely untapped—the market once soared in value to about $800 billion. But in their quest for cash, tax authorities have had to create new definitions and regulatory approaches.

And investors will stay interested as long as they see the “rapid rise of this very modern, very sexy, and very futuristic investment vehicle,” said Anna Schneider, an analyst at MyPrivateBanking Research, a firm based ...