New US Bill Likely to Exempt Most Cryptocurrencies From Taxation - Android

Get it on Google Play

New US Bill Likely to Exempt Most Cryptocurrencies From Taxation - Android

The United States Congress has reinstated a bill that would make certain cryptocurrencies and related digital assets exempt from U.S. Read More

The post New US Bill Likely to Exempt Most Cryptocurrencies From Taxation appeared first on .

The United States Congress has reinstated a bill that would make certain cryptocurrencies and related digital assets exempt from U.S. securities’ regulations.

Rumors in the crypto streets suggest that the new bill would make crypto-to-crypto transfers tax exempt, and change the tax structure for cryptocurrencies held in an individual account.


ALSO READ

Retailo and Vital Tea Announce Partnership


According to a press release, this is the ideal time to establish a regulatory framework for cryptocurrencies in the US, perhaps throughout the globe, something that industry players have repeatedly said since the BTC bull run of November 2020.