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JUST IN: What is Bitcoin is de minimis and why is it being talked about so much in the US right now?
The US Congress is debating exempting small Bitcoin purchases from taxes to eliminate the burden of declaring every coffee or everyday expense.
The United States Congress is currently considering applying a de minimis exemption principle to Bitcoin (BTC) and cryptocurrencies, a measure that seeks to modify a tax scheme that today requires declaring even the most insignificant purchases, such as a coffee.