Crypto themes
The authorities of El Salvador were the first to equalize bitcoin with the US dollar. Cryptocurrency can now be paid in stores, online and offline. But not all investors were happy about this.
It is likely that Panama will recognize Bitcoin as a means of payment next. The Panamanian congressman spoke about the importance of such a decision so that the country could become a modern center of entrepreneurial endeavors and innovative technologies. The Panamanian government is currently working on this bill.
Reddit (a site that combines the features of a social network and a forum, and where users share useful links with each other and communicate on important topics) was not too happy about this news. Blog participants believe that the decision taken by the El Salvadorian government regarding bitcoin will negatively affect the owners of the coin in the field of taxes. In particular, the tax administration in the United States may consider bitcoin as the currency of other countries.
For cryptocurrencies, there is currently a conditionally reduced capital growth rate for assets held for more than 12 months. There is a high risk that if bitcoin is recognized as a currency in different states, then the US Internal Revenue Service will increase the interest rate.
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