Wu said that according to Bitcoin Magazine, Proposition 0451 proposed by the Rhode Island Senate last month allows residents and businesses in the state to conduct up to 10 Bitcoin transactions (or equivalent sales) worth less than $1000 per month, exempt from state capital gains tax. The bill specifies that "Bitcoin sale" refers to the transaction of exchanging Bitcoin for fiat currency or other assets, and requires the retention of transaction records for auditing purposes. Exemption only applies to state taxes and still requires compliance with federal tax obligations. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40292