'Mecca of mining': Brazil considers zero tax on green bitcoin mining

'Mecca of mining': Brazil considers zero tax on green bitcoin mining

Brazil’s congress heard several proposals endorsing a tax exemption on miners and promoting cryptocurrency to the status of a national currency. A new proposal in the Brazilian Congress calls for a tax exemption on both the importation of crypto mining rigs and on any mining conducted using renewable energy sources.A Dec. 4 report from Brazilian media outlet Seudinheiro explains that a series of new proposals from Brazilian lawmakers could reduce the criticism crypto gets in South America’s largest country. Congress also heard a proposal to have cryptocurrency be regarded as a currency as....


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