Further legitimizing digital currency, a state senator from Vermont has proposed a bill that would tax each transaction of cryptocurrency by companies in the state.
Pursuant to S.269, a digital currency LLC would remit to Vermont “in the form of its digital currency a transaction tax equivalent to $0.01, at the then current exchange rate for the currency with the U.S. dollar, per transaction for: (1) each unit of currency mined or otherwise created; and (2) each sale or other transfer of one or more units of currency.”
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