Chainalysis: $457B taxable crypto, CARF covers only 14%

The CARF's limited coverage of onchain activity exposes a structural mismatch between tax reporting frameworks and the actual scope of crypto transactions. This affects regulators and tax authorities, who may face persistent blind spots in enforcement, and compliant market participants navigating uneven standards. The key question is whether jurisdictions will expand reporting rules beyond current parameters or rely on supplemental measures to close the gap, making the evolution of CARF implementation a critical watchpoint.