Step into the world of $AMERICA, where the spirit of freedom and community reigns supreme. Inspired by the revolutionary ideals of July 4th, 1776, $AMERICA isn't just another cryptocurrency—it's a vibrant project with a mission to make a difference. With a max supply of 177,600,000 tokens and a 2% buy/sell tax, it's not just about transactions; it's about fostering a strong community and supporting noble causes, especially those aiding our veterans.
Empowering Causes, Empowering Community
$AMERICA isn't just about making profits; it's about making an impact. With a proud history of donating over $25,000 to charities like the Wounded Warrior Project and The Children of Fallen Patriots Foundation, $AMERICA is committed to giving back. Every transaction contributes to these vital causes, creating a ripple effect of positivity that extends far beyond the world of cryptocurrency.
A Recent Act of Generosity
In it’s latest act of kindness $America donated $3,500 to a veteran suffering from PTSD due to his time served in Iraq. It’s a powerful reminder of the values $AMERICA stands for-compassion,generosity, and unwavering support for our heroes.
Charting a Path Forward
With a total supply of 177,000,000, and a current MCAP sitting at $2M, $AMERICA is poised for even greater success in the future. As it continues to unite crypto enthusiasts and make a real difference in the lives of others, $AMERICA is more than just a cryptocurrency—it's a movement. Join us as we journey together, spreading the message of freedom, community, and compassion to every corner of the globe.
CA: 0x1776b223ff636d0d76adf2290821f176421dd889
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#America #ETH

IRS & US Treasury's Redefinition: A proposed tax rule seeks to redefine "broker," causing concerns.DeFi's Dilemma: This change poses a significant challenge for trustless and permissionless DeFi projects.Regulatory Hurdles: Compliance becomes impossible for DeFi as regulations demand user information collection.Blockchain Association's Alarm: Warning issued—this rule could potentially annihilate DeFi's existence within the US.Public Backlash: Over 124,000 comments flood the IRS, contesting the proposal within the 74-day open comment period ending today.

How the IRS Could Wipe Out DeFi in the US With One Word
According to reports, the US Treasury, as well as the IRS have now proposed a new tax rule.
According to this rule, the word “broker” is about to have a new meaning. And before long, if nothing is done, there might be serious consequences for the De-Fi industry in the US.
So what is in this “Tax Rule”?
According to the US Treasury and the IRS, the word “broker” is about to include any company or entity that stands as a middleman between two people who want to transfer digital assets to one another.
By this definition, the crypto industry is one huge broker.
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As such, “brokers” are obligated to provide information about their users, such as the amount sent, the identity of the senders, etc.
De-Fi literally means “Decentralized Finance”. And as such, the “broker” should not have any of these details required by the US Treasury.
Why This Rule Is A Pain In The Neck for DeFi
The Blockchain Association, in reaction to this new rule, has submitted a 33-page comment to the IRS.
According to the association’s comment, this rule will eventually kill DeFi.
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DeFi projects are designed to be trustless and permissionless. This means that the details of the senders and receivers should not be recorded anywhere else except the blockchain, and neither should the amounts sent.
This means that De-Fi protocols rely only on smart contracts and automation to execute transactions. Because of this, DeFi service providers simply cannot comply with these regulations, even if they wanted to.
The Blockchain Association also warns that this rule would create a serious privacy problem that crypto users have to live with, as it would expose their entire transaction history to the public.
Defi will inevitably die in the US
The blockchain association has also argued that doing this would be like posting customers’ social security numbers and credit card information online, which is unacceptable and dangerous.
Senior counsel to the Blockchain Association, Marisa Coppel, says that this rule would either drive DeFi projects out of the US or force them to shut down completely.
What the IRS Should Do Instead
The Blockchain Association instead asks the IRS to reconsider its definition of “broker” and exclude DeFi projects.
The IRS can adopt a more flexible approach to ensuring compliance.
This approach would recognize the diversity of the crypto ecosystem. The group also recommends that the IRS should engage with the crypto community to figure out a way forward.
And as such, the new proposal, while being open to 74 days of public comment that ends today, has received over 124,000 comments.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

#America #DEFI #crypto2023 #CryptoTalks

#crypto news update :

Ramp Network, a pioneering startup bridging the gap between crypto and traditional finance, has taken its first step towards Latin #America by opening a local entity in Brazil. With a strong focus on the region, Ramp aims to empower clients – including Web2 enterprises, crypto wallets, and Web3 games – by offering an innovative software development kit (SDK). This SDK enables users to seamlessly buy crypto through an end-to-end, non-custodial on-ramp, while also providing a crypto to fiat off-ramp.💡 Citing the latest survey by Chainalysis, Łukasz Anwajler, Ramp's Chief Technology Officer, highlighted the significance of the Latin American market. Brazil, ranking seventh globally in crypto adoption, presents a promising landscape for Ramp's expansion. Moreover, the entire Latin America region accounted for a substantial 9.1% of all crypto value received worldwide last year.🌟 Brazil's recent regulatory clarity in the crypto space played a pivotal role in Ramp's decision to establish a local presence. In December, the country passed a law introducing the "virtual service provider" license, a requirement for digital asset companies, including exchanges and trading intermediaries.

🏦 With numerous companies eyeing Latin America, Ramp plans to connect with local payment networks, particularly the widely used Pix system in Brazil. By integrating with such systems, Ramp aims to facilitate seamless and secure crypto transactions for users in the region.

💰 Ramp Network's commitment to Latin America is underscored by the addition of Brazilian real and other Latin American currencies to its portfolio. Users in Brazil can now effortlessly purchase crypto through card payments, further enhancing accessibility and adoption.

🌎 As the crypto revolution continues to flourish globally, Ramp Network's expansion into Latin America signifies the region's growing potential and the company's dedication to bringing digital assets closer to mainstream adoption.

#FDUSD #Binanceturns6 #BinanceTournament

$BTC $DOGE $SOL