This is something that is more likely to stimulate demand of crypto and am hoping more countries make it tax exempt
Several countries, such as Japan and Switzerland, are already taking action to boost the growth of their crypto industry. In contrast, U.S. tax authorities seem to be aiming to stifle the nascent crypto industry with stricter controls.
https[Suspicious link removed]mpt-bitcoin-from-goods-and-services-tax/
Because Switzerland and Japan understand that this can stimulate their economy, but the us government again makes mistakes, and these mistakes can eventually lead to an economic crisis in the country
Totally agree, and at this juncture the US are now trying to play catchup to have the same economic benefit as others using these cryptocurrencies...maybe the reason we are now getting news of the regulators having another review of how crypto is treated to stimulate it's use(win-win for the US).