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Cryptopolitan 2023-03-10 01:19:51

Crypto mining faces huge tax hike in the US, will it kill the industry?

Under President Joe Biden’s budget proposal, US crypto miners could be subject to a 30% tax on electricity costs to reduce mining activity. According to a supplementary budget explainer paper released by the Department of the Treasury on March 9, any firm using resources for digital asset mining – whether owned or rented – would … Crypto mining faces huge tax hike in the US, will it kill the industry? Read More »

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