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CRYPTO INVESTORS HOPE TO AVOID TAXES BY CLAIMING LUNAR RESIDENCY, MOON GOVERNANCE YET TO RESPOND
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CRYPTO INVESTORS HOPE TO AVOID TAXES BY CLAIMING LUNAR RESIDENCY, MOON GOVERNANCE YET TO RESPOND

March 5, 2025
March 5, 2025 - In a bold new strategy that's literally out of this world, cryptocurrency investors are now aiming to sidestep earthly tax regulations by declaring themselves residents of the Moon. The Lunar Loophole, as it's been dubbed, exploits a lack of tax treaties between Earth governments and the theoretically sovereign satellite. The trend began after an entrepreneur humorously declared his dogecoin-funded habitat as "Lunaland," a move that has since attracted a wealth of blockchain billionaires. Tax authorities on Earth are bewildered, with one IRS spokesperson jokingly questioning if they needed to hire astronauts. Meanwhile, lunar legal experts (from their desks on Earth) are scrambling to draft the first extraterrestrial tax codes.