Crypto Tax Regulation to Fuel US Economic Growth
Cryptovest
Published Sep 19, 2018 05:08PM ET
Updated Sep 19, 2018 06:20PM ET
Crypto Tax Regulation to Fuel US Economic Growth
Tax policies in digital assets should focus on enabling and encouraging the deployment of blockchain and cryptocurrency resources instead of treating them as a hindrance to growth, said BX3 Capital partner Michael Minihan, who has more than experience as an international tax practitioner.
He said , “The promise of the blockchain and the rise of cryptocurrencies could transform the global economy. Historical leaders of the world's most revolutionary innovation have called—and continue to call—the US their home. In addition, with ownership of the world's largest and most robust capital markets, it is clear that the US possesses all of the key resources to lead the global economic transformation.”
Minihan analyzed the Internal Revenue Code and noted at least six pages, out of the estimated 70,000 pages of document, were dedicated on digita...
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