Florida Moves to Eliminate Capital Gains Tax on Bitcoin

The post Florida Moves to Eliminate Capital Gains Tax on Bitcoin appeared first on Coinpedia Fintech News

Florida has introduced a new bill aiming to remove capital gains taxes on Bitcoin transactions. If passed, this would make Florida one of the most crypto-friendly states in the U.S. The bill is designed to encourage Bitcoin adoption by reducing tax burdens on holders and investors. Supporters say it could boost innovation and attract crypto businesses to the state. The proposal is now under review and could set a trend for other states to follow.