State of Missouri may abolish tax on cryptocurrencies
According to the legislators, the change in taxation will help the development of blockchain technologies

14.02.2022 - 07:55
275
1 min
0
What’s new? According to an official press release, the legislators in the US state of Missouri are preparing to abolish the property tax for cryptocurrencies. A statement to this effect was made by State Representative Phil Christofanelli.
The full version of the press release
What changes can be introduced? According to Christofanelli, cryptocurrencies should be exempt from property tax and regulation of assets as securities. In addition, cryptocurrency transactions should not be licensed as money transfers to further develop the industry. Bill number 2672 to protect Missouri’s investors, entrepreneurs, and consumers involved in the developing crypto industry has already been registered. The authorities will soon begin discussing the issue and make a final decision.
Recall that previously was mentioned a bill in the US state of Tennessee proposing counties, municipalities, and the state to invest in cryptocurrencies and NFTs.
Useful material?
Crypto regulations
Under the new law, no cryptocurrency reserve can be created at the state level
Jun 11, 2025
Mining
This is the 300th block mined within this pool
Jun 5, 2025
Incidents
The marketplace started operating in 2022 and allowed trading in stolen personal data
Jun 5, 2025
Incidents
Hackers laundered assets using Tornado Cash, Thorchain, and Wasabi mixers
Jun 2, 2025
Market
After June 30, fines and prison sentences will be imposed for violating the rules
Jun 2, 2025
Crypto regulations
He also stated the country’s aspiration to become a Eurasian IT hub
May 29, 2025