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RE: Curious why Bitcoin rallied close to 10% today? Think Square and a Visa Bitcoin debit card...

in #bitcoin7 years ago (edited)

Both projects are very exciting but wide adoption will not be possible until legislation similar to what you posted here is passed:

https://steemit.com/bitcoin/@jrcornel/new-legislation-would-make-bitcoin-transactions-under-usd600-tax-free

This will allow users to be free of capital gains for at least the smaller transactions where the crypto currency price has increased. Otherwise it will be a mess of paperwork and act as an added sales tax for bitcoin and other crypto users.