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Bitcoinist
2024-08-16 23:30:09

IMF Proposes Drastic 85% Electricity Tax Increase For Crypto Mining

IMF Proposes Drastic 85% Electricity Tax Increase For Crypto Mining

Two IMF officials pitched for steep electricity taxation on cryptocurrency miners and recommended increasing their average global electricity cost by 85%. Related Reading: Binance Joins India’s Financial Intelligence Unit To Bolster AML Compliance The proposal has, in fact, called for a sharp rise in the electricity tax paid by crypto miners to drastically bring down

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