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US Congress prepares tax haven for cryptocurrency
While Bitcoin and Ethereum are showing signs
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While Bitcoin and Ethereum are showing signs of life as they continue their recovery, which began at the end of last week, the US Congress is preparing a bill that will create a tax haven for cryptocurrencies. Key ideas in the bill include provisions for stablecoins: transactions involving regulated stablecoins are expected to be exempt from capital gains tax. For staking and mining, it is planned to allow a five-year deferral of tax on rewards, after which income would be taxed at market
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