Tax Bill Betrays Wall Street’s Path to Control Cryptocurrencies
Embedded in the new tax bill are two changes that could have far-reaching implications for cryptocurrency investors. These changes were made at the last minute in the Senate version of the bill, likely after the failure of Segwit2x, which many in the crypto-community felt it was a backdoor takeover attempt by Wall St. of Bitcoin.
The first change in the bill is to restrict the Form 1031 “like-kind” transfer to only real estate. This will do away with the notion that many in the crypt
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