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Cryptocurrency Tax: Venezuelans Will Face a 20% Tax on Cryptocurrency Transactions

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Cryptocurrency tax is on the rise across the world as more and more countries reveal their cryptocurrency tax policy. The latest addition to the list is Venezuela, where the government has announced a 20% tax on all cryptocurrency transactions. Why tax on cryptocurrencies? Several countries have already introduced tax policies regarding Crypto earnings since the…

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The US introduced the Cryptocurrency Tax Justice Act to adopt cryptocurrency as a payment method

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US lawmakers launched the Cryptocurrency Tax Fairness Act on Monday to accelerate the widespread adoption of cryptocurrencies. The law aims to legitimize digital currency as a form of payment. This move could also influence neighboring countries to adopt emerging technologies and ultimately help digital assets perform well globally. India is one of the very countries…

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Miami Mayor Says City Explores How To Accept Bitcoin For Tax Payment

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Miami Mayor Francis Suárez said his city is taking a new step in the adoption of Bitcoin by exploring how to accept BTC for taxes. In a new interview on The Best Business Show with Anothony Pompliano, Suárez says that as Bitcoin emerges into the mainstream, keeping BTC on Miami’s balance sheet seems to make…