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Congressman Tom Emmer Calls For Clearer Regulation On Cryptocurrency
Summary: Congressman Tom Emmer today released a report on global cryptocurrency taxation commissioned by the Law Library of Congress. This 128-page study investigated the cryptocurrency tax laws of 31 countries/regions, focusing on the taxation of obtaining new tokens through crypto mining or staking. Emmer highlights the clarity of regulations for cryptocurrency, states: "In order for these technologies ...
Congressman Tom Emmer today released a report on global cryptocurrency taxation commissioned by the Law Library of Congress.
This 128-page study investigated the cryptocurrency tax laws of 31 countries/regions, focusing on the taxation of obtaining new tokens through crypto mining or staking.
Emmer highlights the clarity of regulations for cryptocurrency, states: "In order for these technologies to thrive and reach their revolutionary potential, we must have the knowledge and organizational landscape of the approaches to regulation to best implement the proper path forward that will not stifle this innovation. We can improve the clarity of IRS taxation while at the same time ensuring these taxes are sensibly applied."
By Mary Liu
Tags: Cryptocurrency,IRS,Regulation,Tax,Tom Emmer
Link: Congressman Tom Emmer Calls For Clearer Regulation On Cryptocurrency [Copy]
