Tax reform
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US legislators will reintroduce cryptocurrency tax reform bill
It is reported that US legislators are planning to reintroduce a bill to reform the tax treatment of cryptocurrency. The bill, titled “Keeping the US Innovation Act”, jointly led by US Rep. Patrick McHenry and Ritchie Torres, will narrow the definition of cryptocurrency broker to “anyone (considering) who is ready to sell digital assets under the guidance of customers at any time in the ordinary process of trading or business”. Legislators hope to propose this reform because they believe that the current reporting requirements for companies inhibit innovation in the…
