Crypto News in 60 Seconds
October 31, 2022
President of Kazakhstan Signs Bill Increasing Taxes for Crypto Miners The President of Kazakhstan, Kasem Jumart Tokayev, has signed a bill to change the country’s tax code to establish higher tax rates for cryptocurrencies. This rate is based on the amount and average price of electricity used to mine digital currencies like Bitcoin. Kazakh President […]
February 25, 2022
Some Bitcoin miners in the U.S. require to make twice as much their capability through this year while other widespread undertakings have been selling Bitcoin to conserve cash reserves. Crypto mining undertakings based in the United States are devoted to boosting their hash energy with more hardware in spite of Bitcoin’s three-month downturn. The […]
February 22, 2022
As per Arcane Research, the small population of Georgia is an unexpected champion for Bitcoin mining, allotting close to 1 percent of the industry’s entire hash rate, according to a report by Arcane research. An out-of-towner for mining, the nation spouts substantial hydropower. Snuggled on the Black Sea at the crossing of Europe and […]
February 19, 2022
5 members of the Georgia House of Representatives have introduced a bill that would absolve local crypto miners from paying sales. The regulation recommends revising the state tax code to exempt the exchange or use of electricity utilized in the marketable mining of digital assets and would pertain to retail miners operating in a […]
February 12, 2022
The U.S. Treasury Department clarified to the committee of senators that crypto miners and stakers will not confront tax reporting responsibilities that will be enforced for trades. This was clarified in a letter. The letter mainly deals with the interests of the crypto industry that last year’s Infrastructure Investment in Jobs Act would inflict undue […]
