ChainCatcher News, the United States is brewing a new proposal aimed at establishing a tax-free Bitcoin Digital Economic Zone (DEZ) to make the U.S. a global leader in the digital economy. This initiative is led by the newly formed USABTC policy group, advocating for a tax-free DEZ where Bitcoin can be traded and accumulated without incurring capital gains tax, but taxes are due upon redemption. USABTC states that the plan can ensure the financial future of the U.S. by creating a "resilient and innovative" economic environment, fully leveraging the potential of Bitcoin while maintaining the core position of the dollar.

ChainCatcher news, according to Bitcoin.com, Argentina has recently released relevant regulations that will apply to previously approved legislative proposals affecting the inclusion of cryptocurrencies and other undeclared assets into the country's tax system. Only taxpayers holding assets in registered VASPs can enjoy these benefits. These taxpayers can be exempt from taxes on up to $100,000 of cryptocurrency.

ChainCatcher news, starting today, the UK will implement a tax exemption policy for foreign investors who appoint local brokers or investment managers to invest in cryptocurrencies.In addition, HM Revenue and Customs stated, "This tax exemption policy is an important factor in attracting global investors, meaning that foreign investors will not be subject to UK taxation simply for appointing a UK investment manager. To solidify the UK's position as an investment management hub, this tax exemption policy has been expanded to include crypto assets, so that crypto asset-related funds will not delay the appointment of UK managers." (Source link)