US Policy Group Proposes Bitcoin Tax-free Digital Economic Zone
A newly formed policy group in the U.S. has proposed a groundbreaking policy to create a Bitcoin tax-free digital economic zone (DEZ).
The USABTC group, composed of financial policy experts and blockchain advocates, is championing this initiative to transform the nation’s approach to digital asset regulation and adoption.
According to the USABTC group’s vision, the DEZ would serve as a haven for investors and businesses, allowing them to trade Bitcoin without the burden of capital gains taxes.
This innovative strategy aims to position the U.S. as a leader in the rapidly growing cryptocurrency sector, leveraging the “opportunity” that Bitcoin presents to “secure the financial future of America and its citizens,” as stated on the USABTC website.
The USABTC group’s proposal outlines a multi-phased approach to establishing the tax-free Bitcoin DEZ.
Rather than a sudden implementation, the plan calls for a gradual rollout, starting with the U.S. President issuing an executive directive to authorize using the Exchange Stabilization Fund (ESF) for Bitcoin trading and investment.
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