Rhode Island is considering a bill to exempt small Bitcoin transactions from state capital gains tax, promoting up to ten monthly transactions below $1,000.
Introduced by Senator Peter A. Appollonio in February 2025, this initiative aims to enhance the local blockchain economy and attract more Bitcoin adoption.
The proposal reflects Rhode Island's ambition to emerge as a technology leader in the blockchain sector and reduce barriers for cryptocurrency engagement.
Full story here: https://coincu.com/329785-rhode-island-bitcoin-tax-exemption
