Economic reports and analysis from credible financial institutions

USABTC Proposes Bitcoin Tax-Free Zone in 2025 to Boost Economy

Aug 8, 2024, 12:43 PM

A new proposal is underway in the United States to establish a Bitcoin tax-free Digital Economic Zone, spearheaded by the USABTC group. This initiative aims to boost innovation within the digital economy while reinforcing the dominance of the U.S. dollar. The proposed zone would allow tax-free Bitcoin transactions, although redemptions would still be taxed. The plan is set to commence in 2025, with the goal of positioning America as a global leader in the Bitcoin economy.