Coin Centre Bill Could Loosen Cryptocurrency Taxation Policies and Pave Way for Mainstream …

Coin Centre Bill Could Loosen Cryptocurrency Taxation Policies and Pave Way for Mainstream Adoption

Crypto asset taxation could be lengthening the long walk to crypto adoption in the United States. While the deems cryptocurrency as commodities, the Internal Revenues Service (IRS) classifies them as property. Hence, once an individual purchases any amount of digital currency, they are creating a taxable event.