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Search Results: keywords:"blockchain consensus mechanism"

  • H.R. 8149 is a bill that seeks to amend the Internal Revenue Code of 1986 to clarify how digital asset rewards are taxed. The bill specifies that when a person receives a digital asset reward through a blockchain consensus mechanism, they will not have to pay taxes on it at that time....

    Simple Explanation

    H.R. 8149 is a bill that says people don't have to pay taxes right away when they earn digital coins by helping with blockchain puzzles, but they will pay taxes when they sell those digital coins.