Swedish crypto tax firm Divly has released a new report that estimates that only 0.53% of crypto investors globally paid tax on their crypto in 2022 — however tax experts have cast doubt on the figures and methodology. 

The report estimates that Finland has the highest proportion of crypto investors who paid the required taxes on crypto in 2022 at 4.09%, with Australia following closely behind on 3.65% respectively.

The United States ranked 10th on the list, with an estimated 1.62%, meanwhile, India, Indonesia and Philippines had the lowest rates of tax-paying crypto investors, with just 0.07%, 0.04% and 0.03% respectively.