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New law would introduce capital gains tax exemption for bitcoin purchases

A new bill introduced in the U.S. House of Representatives Thursday would introduce a capital gains tax exemption for bitcoin and other cryptocurrency users who use their coins and tokens for small purchases. The Cryptocurrency Tax Fairness Act Of 2017, introduced to the house by Rep. Jared Polis, D-Colo., and Rep. David Schweikert, R-Ariz., both members of the […] The post New law would introduce capital gains tax exemption for bitcoin purchases appeared first on SiliconANGLE.
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