Breaking: Rhode Island is moving forward with a legislative proposal that could change the tax landscape for Bitcoin holders. Under this new bill, small-scale Bitcoin transactions would receive a state income tax exemption. This marks another step toward clearer crypto taxation frameworks at the state level, potentially signaling growing acceptance of digital assets in mainstream finance. The move could inspire similar legislative efforts across other U.S. states seeking to attract crypto talent and businesses.
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Breaking: Rhode Island is moving forward with a legislative proposal that could change the tax landscape for Bitcoin holders. Under this new bill, small-scale Bitcoin transactions would receive a state income tax exemption. This marks another step toward clearer crypto taxation frameworks at the state level, potentially signaling growing acceptance of digital assets in mainstream finance. The move could inspire similar legislative efforts across other U.S. states seeking to attract crypto talent and businesses.