Brazil Congress considers proposal to exempt tax on renewable mining
Reading now: 840
ambcrypto.comBrazil’s Congress is set to look at several proposals around cryptocurrencies as per local reports. As part of the proposal, the central bank of the country is suggested as the main regulator to oversee the crypto market. However, the Brazilian Securities Commission (CVM) can also overlook certain aspects of the sector.
Apart from that, the report also indicated that cryptocurrencies should be regarded as currencies. As currently, Bitcoin (BTC) among other assets is akin to a commodity like precious metals and oil in Brazil.
However, a major change might come for the mining industry if the proposals are passed. The proposal also provides for tax exemption on imports of computers with mega processing capacity used in mining.
There is also a
Read more on ambcrypto.comAbout this in other media
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
