Bitcoin & Crypto facing the end? This law should put an end to the industry

What does all this have to do with cryptocurrencies?

Apparently purely nothing, but actually quite a lot. Because the price for all this is to be paid by the crypto industry, among others, and in a way that could kill the industry as we know it.

It’s akin to a bitcoin mining ban in the U.S.

The bill in question contains a provision that expands the tax law definition of a broker to include “any person who is responsible (for a fee) for conducting transactions of digital assets and regularly provides services.”



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