Tag: Infrastructure Act

USA vs Cryptocurrency
Blockchain
Jasper Hamill

America’s Taxing New Infrastructure Act: Will It Erode Crypto Progress?

The bipartisan Infrastructure Investment and Jobs Act (Bill)  which stretches over roughly 2,700 pages was struck after more than 50 hours of US congressional debate. The bipartisan Infrastructure Investment and Jobs Act (Bill)  which stretches over roughly 2,700 pages was struck after more than 50 hours of US congressional debate. However, some $30 billion of the money will be raised by new taxes on the crypto sector. It’s feared the new taxation policy will also place onerous “surveillance” requirements on the industry in addition to levying unfair taxes against crypto developers who do not even handle assets. 

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