Chainalysis: Tax Evaders Begin Using Bitcoin Ordinals and BRC-20 Tokens to Hide Wealth

According to the blockchain analysis platform Chainalysis, a blockchain analysis platform, Italy's Foggia Economic and Financial Police recently uncovered a tax evasion case. The people involved are suspected of using the Bitcoin Ordinals Agreement and the BRC-20 token standard to create and resell tokens to conceal capital gains of about 1.1 million US dollars (1 million euros) in the chain, and the profits continue to be invested in new inscriptions.

Chainalysis points out that although such emerging technology methods seem hidden, the inherent transparency of blockchain leaves permanent and immutable transaction records. Blockchain intelligence can effectively track tax evasion by reconstructing financial networks and cross-comparing exchange declaration data. The agency warned that as new digital asset classes continue to emerge, the gap between real wealth on the chain and declared tax status will become a key investigation target for global law enforcement agencies.