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Coinbase Executive Calls for Tax-Free Threshold on Bitcoin Micropayments

GateNews
Regulation & Policy
BTC-0.03%
According to Bitcoin Magazine, Coinbase Vice President of Tax Lawrence Zlatkin has recently proposed a de minimis capital gains tax exemption threshold for everyday Bitcoin transactions to U.S. lawmakers. Zlatkin argued that "Americans shouldn't need to hire an accountant to buy a pair of jeans with BTC," emphasizing the impracticality of current tax compliance for small-value transactions.
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