U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

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A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine cryptocurrencies. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Lw0oGjV

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