Chainalysis: Tax evaders are starting to use Bitcoin Ordinals and BRC-20 tokens to hide their wealth.

According to a report by blockchain analytics platform Chainalysis, the Italian Foggia Economic and Financial Police recently cracked a tax evasion case. The suspects allegedly used the Bitcoin Ordinals protocol and the BRC-20 token standard to create and resell tokens, concealing approximately $1.1 million (€1 million) in capital gains on the blockchain. The profits were then continuously reinvested in new inscription operations. Chainalysis points out that although such emerging technologies may seem covert, the inherent transparency of blockchain leaves a permanent and immutable record of transactions. Blockchain intelligence can effectively track tax evasion by reconstructing financial networks and cross-referencing exchange declaration data. The agency warns that as new digital asset classes continue to emerge, the gap between real wealth on the blockchain and declared tax information will become a key target for investigation by law enforcement agencies worldwide.