Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
The American proposal aims to reduce the tax burden on micro-transactions in stablecoins.
Members of the U.S. Congress are developing a new regulatory initiative that could transform the cryptocurrency tax landscape. Specifically, the proposal aims to ease the tax burden on capital gains for those transferring stablecoins not exceeding $200.
This move represents an important recognition of the practical challenges faced by small users in the digital currency market. Currently, even modest transactions in stablecoins are subject to complex tax obligations, creating administrative inefficiencies.
The plan to simplify the tax regime could encourage broader adoption of stablecoins, especially among those using them for daily payments and micro-transfers. The proposed exemption for transactions under $200 aims to balance the need for regulatory compliance with the practicality of using cryptocurrencies in low-value contexts.
If approved, this measure could serve as a model for other jurisdictions to find a balance between tax oversight and innovation in the digital currency sector.