Cryptocurrency Tax Fairness Act offers Tax Parity in the USA

Rep. Jared Polis, D-Colo., and Rep. David Schweikert, R-Ariz., co-chairs of the Congressional Blockchain Caucus, introduced the Cryptocurrency Tax Fairness Act of 2017 today. In 2014, the IRS classified digital currency as property.  The outdated guidance classifies even the smallest of cryptocurrency transactions the same as buying or selling stock, which dis-incentivizes consumers from using … Read moreCryptocurrency Tax Fairness Act offers Tax Parity in the USA