CoinSmart president says crypto taxes are a ‘little bit extra favorable’ outdoors US

Jeremy Koven, the president of Canada-based crypto trade CoinSmart and president at WonderFi, pointed to areas of concern for crypto companies in the US searching for regulatory readability and favorable tax coverage.

Chatting with Cointelegraph on the Blockchain Futurist Convention in Toronto on Aug. 16, Koven stated selling crypto at casinos and for sports activities betting was “actually a no brainer” in Canada, the place many customers had been considering gaming. He additionally pointed to the U.S. for dividing crypto guidelines among the many Securities and Alternate Fee (SEC) and Commodity Futures Buying and selling Fee, elevating considerations amongst companies searching for clear rules.

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