According to Odaily Planet Daily, the United States is planning a new proposal to make the United States a global leader in the digital economy by establishing a Bitcoin tax-free digital economic zone (DEZ). The proposal is led by the newly established USABTC policy group and advocates a tax-free DEZ, in which Bitcoin can be traded and accumulated without paying capital gains tax, but tax is required when redeemed.
According to USABTC, the initiative could secure the financial future of the United States by fostering a “resilient and innovative” economic environment, leveraging the potential of Bitcoin while maintaining the centrality of the U.S. dollar. USABTC said that an exit tax on the conversion of Bitcoin back into traditional currencies could provide a new source of revenue for the government, benefiting both federal and state finances.
As currently planned, the implementation phase of the USABTC program is expected to begin in 2025. Subject to all legislative and regulatory approvals, the DEZ would be fully operational in 2026.
