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Zenger
Zenger
Lennox Kalifungwa

Cryptocurrency Tax Law Delay Raises Concerns

The law, aimed at closing a loophole that allows cryptocurrency investors to evade taxes, was projected to raise $28 billion over a decade. ANDRE FRANCOIS MCKENZIE. UNSPLASH.

The Treasury Department’s delay in implementing a law designed to catch cryptocurrency tax evaders is raising concerns.

What Happened: The law, aimed at closing a loophole that allows cryptocurrency investors to evade taxes, was projected to raise $28 billion over a decade.

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