TechFlow news, November 19: According to PYMNTS, Block, the company founded by Jack Dorsey, has launched the "Bitcoin is Everyday Money" initiative, calling on U.S. lawmakers to establish a tax exemption threshold for bitcoin payments under $600, simplifying tax burdens for everyday small transactions. Current tax laws treat bitcoin payments as asset sales, requiring capital gains tax reporting. Meanwhile, Block has introduced a merchant product through its Square platform that supports zero-fee bitcoin payments, aiming to build a decentralized, low-cost payment rail.
Navigating Web3 tides with focused insights
Contribute An Article
Media Requests
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号




