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Blockchain Association urges Congress to ease crypto tax rules for 67M holders

By Ishika Kumari

The Blockchain Association is pushing for bipartisan tax reforms for crypto holders.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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