Krutika Adani
Colorado launched crypto tax payments in 2022, but usage stayed minimal. High fees, complex transfers, and third-party conversions discouraged adoption.
Leaders like Douro Labs' CEO call crypto tax schemes "performative." Most users treat crypto as long-term assets—not spending money.
From outdated systems to regulatory uncertainty, experts argue governments aren’t ready to integrate crypto into real-world tax infrastructure.
With Bitcoin on the rise, holders don’t want to part with appreciating assets. Taxpayers prefer to use fiat that loses value, experts say.