Cryptocurrency, the Congress against the ambiguity of American regulation

18.Apr.2019Press release Infocoin

Through a letter, the US Congress asked the Internal Revenue Service how US residents should pay taxes on bitcoins and other cryptocurrencies. Kari Paul (The Guardian) explains that this is the demonstration of the lack of regulation in the industry. “Taxpayers deserve clarity on several basic unanswered questions regarding federal taxation of these emerging exchanges of value,” according to Tom Emmer, a congressman from Minnesota who signed the letter. “Guidance is long overdue and essential to proper reporting of these emerging assets.”