In the next few days, president Donald Trump will sign the new tax legislation which scaled through at both houses of congress this week. Analysts have said that digital currency owners are obliged by the new U.S. Tax regime to pay taxes when they exchange it for dollars or buy tangible items or goods. What do you think this now portend for the crypto world now that Mr Trump want a share of the loot?
The new US tax law is good for the cryptocurrency community,because the rich people and big corporations will pay less taxes,which means that they will have to money to invest into bitcoin and altcoins.
Cryptocurrency users were obligated to pay taxes before this new legislation,and i doubt that most of them pay taxes for their crypto savings.