The Canada Revenue Agency is conducting a cryptocurrency tax investigation on Dapper Labs users

By: theblockbeats.news|2025/12/08 10:15:58

BlockBeats News, December 8th, according to The Block, court documents show that the Canada Revenue Agency (CRA) has collected over 1 billion Canadian dollars (approximately 72 million US dollars) in taxes through crypto-related audits in the past three years but has not brought any criminal charges since 2020, exposing a structural limitation in the country's enforcement capabilities.

The report notes that the CRA has a 35-person crypto audit team that has handled over 230 cases and estimates that about 40% of taxpayers using crypto platforms have either not reported taxes or have a high level of compliance risk. However, the agency's Chief Crypto Audit Officer admitted in a sworn affidavit that the CRA believes it "cannot reliably identify taxpayers in the crypto space and assess whether they are compliant with income tax obligations."

Furthermore, the report also states that the CRA has obtained data on 2,500 users through a court order from Dapper Labs (the NFT company behind NBA Top Shot and CryptoKitties). The CRA initially sought information on the first 18,000 users of Dapper but narrowed it down to 2,500 after negotiations with company executives and lawyers. The CRA filed an application with the Canadian Federal Court in September, marking the second time the court has requested a Canadian crypto company to disclose such information. A similar order was previously issued in 2020 to the Toronto-based exchange platform Coinsquare.

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