Bitcoin Policy Institute Calls for Reform of U.S. Bitcoin Tax Rules

BlockBeats News, March 13, the Bitcoin Policy Institute, a think tank focused on researching and advancing Bitcoin-related public policies, called for a modification of the current U.S. tax regulations. The current rule treats all Bitcoin payment activities as capital gains transactions.

The institute believes that the relevant policies should be adjusted to reduce the tax burden of Bitcoin in everyday payment and usage scenarios, thereby promoting its application in real-world payment scenarios.