US should scrap crypto capital gains tax to fuel competition: Cato

Image via CoinTelegraph

Crypto users in the US are required to pay capital gains taxes on cryptocurrencies, stifling their usefulness as a currency, argued a Washingon DC-based think tank.

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AI Executive Brief

/ The Cato Institute suggests the US should eliminate capital gains taxes on cryptocurrencies.
/ Removing these taxes could enhance the usability of cryptocurrencies as a form of currency.
/ The proposal aims to increase competition in the financial sector by reducing tax burdens on crypto users.

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US should scrap crypto capital gains tax to fuel competition: Cato

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