A new proposal in the United States aims to create a Bitcoin tax-free Digital Economic Zone (DEZ) to boost the country's digital economy. The USABTC policy group is leading this initiative, advocating for tax-free Bitcoin trading and accumulation within the DEZ, with a tax on redemption. The proposal suggests that this zone could attract investors, promote wealth growth, and generate revenue through taxed redemptions. The plan includes creating a pegged Bitcoin system on a layer-2 solution for secure transactions. The phased approach involves presidential authorization, legal opinions, legislative efforts, and IRS collaboration. The initiative aims to position the US as a global digital economy leader while safeguarding against government overreach. If successful, the DEZ could be operational by 2026, marking a significant step towards a thriving digital economy in the US. Read more AI-generated news on: https://app.chaingpt.org/news
Establishing a Bitcoin Tax-Free Zone in the US
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