How cryptocurrency fits into the US infrastructure bill - Printable Version
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How cryptocurrency fits into the US infrastructure bill - Levin - 11-08-2021
By MARCY GORDON
yesterday
WASHINGTON (AP) — What does Bitcoin have to do with roads and bridges?
A lot right now in the U.S. Congress. One way lawmakers propose to pay for the US$1 trillion infrastructure bill the Senate approved Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS. It could open the way for tighter regulation of cryptocurrency — something the Biden administration is moving toward as it also pushes for tax compliance.
The plan could raise about US$28 billion in revenue over 10 years
Full article at: https://apnews.com/article/technology-joe-biden-business-bills-cryptocurrency-92628a41124230448f65fdeb89ffad7d