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coinpedia 2024-04-22 12:16:15

U.S. Senate Proposes 1% Tax On BTC Holdings Over $500K To Align Crypto With National Tax Regulations?

The post U.S. Senate Proposes 1% Tax On BTC Holdings Over $500K To Align Crypto With National Tax Regulations? appeared first on Coinpedia Fintech News The U.S. Senate on 21st April, Sunday, proposed a new tax regulation for the cryptocurrency industry. According to the new proposed regulation, individuals holding BTCs worth over $500,000 will be liable to pay 1% as tax. This move was initiated as part of a large effort made by the centralized body to include cryptocurrency like …

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