Tax authorities around the world have indicated that they will not sit back and watch crypto traders get rich as prices skyrocket - with new tax measures set to come into play in Europe, Asia and beyond. The
G7, which comprises Canada, France, Germany, Italy, Japan, the UK, and the United States, could be set to streamline its crypto taxation policy - after the Japanese Finance Minister Taro Aso was
quoted by Reuters as stating that the "implementation of digital taxation and central bank digital currency" would be on the agenda when world leaders meet in Britain later this week. The February 12 G7 summit will be held online and chaired by the UK, ahead of the first in-person meeting of major leaders on a major scale since the start of the coronavirus pandemic, slated for June this year. Yet although pressing matters like post-COVID economic recovery plans are likely to dominate the agenda, Aso appears keen to ensure a chunk of time is spent on working out how tax bodies can target the incomes of crypto traders.