RATE Group | Trump wants to tax cryptos with fellow leaders, which are suffering a dead cat bounce
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Trump wants to tax cryptos with fellow leaders, which are suffering a dead cat bounce

04 Dec Trump wants to tax cryptos with fellow leaders, which are suffering a dead cat bounce

Posted at 06:30h in Ethereum News by

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  • Cryptocurrencies are struggling to recover from the most recent drop. 
  • The G-20 Summit, including Trump, discussed taxing digital coins.
  • The charts show that a different potential for each crypto.

World leaders including US President Trump, Chinese President Xi, German Chancellor Merkel, Japanese PM Abe, French President Macon, Russia’s Putin, and many others descended on Buenos Aires over the weekend to talk about global matters. One of the topics in the agenda-packed summit was cryptocurrencies.

According to Japanese news source jiji.com, the leaders want to create an international system which will tax cross-border payments. The goal to catch cases of tax avoidance. It then specifically mentions the use of cryptocurrencies in money laundering. The participating countries are working on a proposal to be discussed in the next gathering in Japan before a final version is due in 2020. 

While there is enough time, the idea that all the world’s major countries want to tax crypto…

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