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'Mecca of mining': Brazil considers zero tax on green bitcoin mining
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A new proposal in the Brazilian Congress calls for a tax exemption on both the importation of crypto mining rigs and on any mining conducted using renewable energy sources.
A Dec. 4 report from Brazilian media outlet Seudinheiro explains that a series of new proposals from Brazilian lawmakers could reduce the criticism crypto gets in South America’s largest country.
Congress also heard a proposal to have cryptocurrency be regarded as a currency as opposed to a commodity. If this proposal passes, crypto exchanges will be able to provide financial services and issue loans to Brazilian residents.
Senator Irajá Silvestre Filho made all three proposals to congress. It is presently unclear how much support the proposals have in the legislature,
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