The Virtual Currency Tax Fairness Act of 2020

https://i.ytimg.com/vi/vQ5kyM2mFko/hqdefault.jpg , 311 , 5.00 , A giant headwind to using cryptocurrency for its intended purpose as money, at least in most countries, is tracking every single transaction for tax purposes. In the United States, if you buy a cup of coffee with Bitcoin Cash, but those coins went up in value since the time you bought them, you have to put that transaction on your tax return at the end of the year.

A new bill from the US Congress has the power to change this.

More info: https://www.congress.gov/bill/116th-congress/house-bill/5635

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About the show: One Minute Crypto is among the fastest-paced bitcoin shows on the planet. We cover everything on blockchain technology: walkthroughs, tutorials, news, and more. Check us out at http://oneminutecrypto.com. , 1581378078 , 2020-02-10 23:41:18 , 00:01:17 , UCwFnHtczGkpm4k1cQU5vj1w , Chronos Crypto , 24 , , Bitcoin,Crypto,Coffee,Bill,Law,Transaction,Government,Congress,USA,Capital,Gains,Tax,Change,Fairness,Act,2020,BCH,Cash,Blockchain,Cryptocurrency,Virtual,Currency , https://www.youtubepp.com/watch?v=vQ5kyM2mFko , , , https://www.youtube.com/watch?v=vQ5kyM2mFko, #Virtual #Currency #Tax #Fairness #Act

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