Bitcoin to spur real-world use case and adoption as an undisclosed source reveals that Bakkt, the ICE affiliate and the firm that was approved the US CFTC to list physically delivered Bitcoin Futures, is planning on tackling concerns. It is rumored that Bakkt is working on launching a product and test launch first with Starbucks, an authority in retail, enabling users to efficiently and conveniently settle transactions in a speedy and safe manner.
the Virtual Currency Tax Fairness Act, a new proposed bill in the US House of Representatives could see capital gain tax for personal cryptocurrency transactions apply if profits exceed $200. This is an amendment of the Internal Revenue Code of 1986 to exclude taxation of gross income gain of virtual currency in a personal transaction, a radical shift that could spur more participation and use of digital currencies in a day-to-day settlement.
References:
Bitcoin [BTC] Payment Will Soon be Enabled at Starbucks, Courtesy of Bakkt
Bakkt in 2020
New Bill In Congress Could Have Massive Impact On Bitcoin, Ethereum, And Other Cryptocurrencies as Bitcoin, Crypto Day Traders Won’t be Excluded from the New Congress Bill on Capital Gain Tax
Rhovit Founder’s Token Launch
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