May 9, 2024

Elon Musk is against harsh taxation of cryptocurrencies

Elon Musk is against harsh taxation of cryptocurrencies

The head of Tesla and SpaceX, Elon Musk, called on US legislators not to make hasty decisions regardingtaxation of cryptocurrencies, which are foreseen by the pending infrastructure bill.

Musk left his comment under the message of Coinbase CEO Brian Armstrong, one of the most vocal critics of the proposed amendments.

“At 11 o'clock in the evening, Mark Warner proposed amendments that would define which fundamental technologies are acceptable in the cryptocurrency industry and which are not. This is a catastrophe,– writes Armstrong.

Senator Warner asks that validatorsProof-of-Stake obeyed the impossible, but not the Proof-of-Work miners. The government is trying to identify winners and losers in this nascent industry where new technologies are emerging every month. They will probably make a mistake. "

Musk agrees:

“This is not the time to pick winners and losers in cryptocurrency technology. There is no crisis that would force the adoption of hasty legislation. "

Armstrong is also supported by the founderof the Cardano blockchain project Charles Hoskinson, the network developed by which uses the Proof-of-Stake consensus mechanism and therefore directly depends on the new regulation:

“If you are in the United States, then you have twoSenator from each state, there is a congressional representative living in your area. Find out who it is, and let us know that an extremely important issue for you is being resolved. Call, write, send emails to reps, flood them with fervent support. You can be a staking pool operator overseas, and just one US member could inadvertently make you a criminal. This is incredible and just demonstrates the inhuman lack of flexibility in such legislative initiatives. "

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Elon Musk is against harsh taxation of cryptocurrencies

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