Russia will start jailing crypto miners that don’t do this
Russia’s government is moving to tighten regulations on cryptocurrency miners, forcing them to report income to tax authorities or face up to four years in prison.
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also…
Management Software Can Help Bitcoin Miners Realize Their Energy Potential
With effective management software, bitcoin miners can take full advantage of the industry’s unique efficiencies and potential profits.
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.
Bitcoin hashprice drops as miners face possible 30% energy tax
Bitcoin’s (BTC) hashprice has significantly plummeted in recent weeks, dropping to its early January levels — a potential sign that the mining bull run might be over.
Crypto Mining Firms Targeted: U.S. Treasury Proposes 30% Tax on Electricity Costs
Crypto mining firms based in the United States could be subject to a 30% tax on electricity costs under a new budget proposal aimed at reducing mining activity.
Joe Biden’s government proposes 30% crypto mining tax
The administration of U.S. President Joe Biden has proposed an excise tax on cryptocurrency mining companies that is 30% of the cost of the power they use, as well as…
Biden Budget: U.S. Treasury To Impose 30% Tax On Crypto Mining Operations
On Thursday, March 9, U.S. President Biden revealed his budget proposal for 2024. Under the Biden Budget, the U.S. Treasury Department is looking to introduce a 30% excise tax on…
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
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…
Biden budget proposes 30% tax on crypto mining electricity usage
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.
