Top 10 Countries With The Highest Taxable Crypto Activity

Outlook Money

Top 10 Countries By Crypto Activity

Crypto activity varied widely across major markets, with the top 10 countries recording billions across income, gains and payments, according to Chainalysis. Check India’s position among the top 10.

10. Thailand

Thailand recorded $1.5 billion in income, $2.3 billion in gains and $8.7 billion in payments, bringing its total across these categories to $12.5 billion.

9. Russia

Russia recorded $4.3 billion in income, $4.9 billion in gains and $3.7 billion in payments, bringing its total across these categories to $13 billion.

8. Japan

Japan recorded $2.8 billion in income, $4.2 billion in gains and $6.18 billion in payments, bringing its total across these categories to $13.2 billion.

7. Canada

Canada recorded $4.9 billion in income, $3.3 billion in gains and $6.9 billion in payments, bringing its total across these categories to $15.1 billion.

6. Brazil

Brazil recorded $3.1 billion in income, $4.3 billion in gains and $8.6 billion in payments, bringing its total across these categories to $16.1 billion.

5. India

India recorded $3.2 billion in income, $5.1 billion in gains and $10.7 billion in payments, bringing its total across these categories to $19 billion.

4. United Kingdom

The UK recorded $3.3 billion in income, $6 billion in gains and $10.1 billion in payments, bringing its total across these categories to $19.4 billion.

3. China

China recorded $2.2 billion in income, $4.9 billion in gains and $13.9 billion in payments, bringing its total across these categories to $21 billion.

2. Germany

Germany recorded $2.48 billion in income, $6.18 billion in gains and $15.6 billion in payments, bringing its total across these categories to $24.18 billion.

1. United States

The United States recorded $17.9 billion in income, $30.1 billion in gains and $64.6 billion in payments, bringing its total to $112.6 billion.