Brazilian parliamentary senator announces tax exemption on use of power in cryptocurrency mining

12月
11
2021-12-11 20:49
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Golden Financial announced in a new version of the Brazilian Parliament that Senator Irajá Silvestre Filhothe has proposed a tax exemption for cryptocurrency mining using stable energy. In addition, the senator proposed a tax exemption for foreign cryptocurrency products, and at the same time proposed to change the status of cryptocurrency to money rather than commodities. According to the report, an article by Brazilian journalist Seudinheiro indicates that if these deals go through, the Brazilian cryptocurrency exchange could also help support financial services and lending problems. Arthur Mining CEO Ray Nasser argued that Brazil could become the “mining mecca” of the world if the Brazilian parliament passes the mining tax exemption on cryptocurrencies.

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