Washington ready to tax cryptocurrency trades, eyes $28 billion to help pay for infrastructure ...Middle East

News by : (Washington Times) -
The Senate’s bipartisan, $1.2 trillion infrastructure deal targets cryptocurrency transactions as a new tax revenue source to help pay for it, setting off alarms in the unregulated financial technology industry. The legislation, which was being finalized Sunday, would raise an estimated $28 billion by requiring cryptocurrency brokers and investors to ...

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