US should scrap crypto capital gains tax to fuel competition: Cato
By Cointelegraph by Stephen Katte
The Cato Institute, a Washington DC-based think tank, argues that the US should eliminate capital gains taxes on cryptocurrencies to boost their utility as a currency and enhance competition. Currently, US crypto users must pay these taxes, which stifles crypto's effectiveness as money. Scrapping the tax would make crypto more competitive globally.
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