Brazil can zero the tax on "green" mining – Bits Media

A new proposal was made to the Brazilian Congress on the import of the ASIC Mainers into the country and taxes of bitcoin using renewable energy sources.

Brazilian media Seudinheiro
mining farms ceased operations after inspections by government agencies, that the new offer can reduce barriers to Cryptocurrencies in South America. Besides, Congress was proposed to consider cryptocurrencies as money, not goods. Bitcoin is now considered a product - like oil, Coffee and iron ore.

If the proposal is approved, Cryptocurrency exchanges will be able to issue loans and provide financial services to customers. According to the General Director of Arthur Mining Ray Nasser (Ray Nasser), If the authorities refuse mining taxes, Brazil will become Mecca Mining. This is possible only if cryptocurrencies are accepted.

Besides, Brazil Central Bank will be able to release the digital currency of the Central Bank, Having ahead of many countries. The secret of flight (Taynaah Reis), General Director of the Brazilian financial company MOEDA, said: 

“The popularity of cryptocurrencies in Brazil is growing, and regulatory organs show great activity in this, Stimulating residents to engage in mining ".

Besides, She noted, that miners need to officially register for that, so that the authorities can analyze the processes of production. Now Brazil has difficulties with energy supply, Therefore, the optimal solution to the problem is power rationing. This is a process, when the less populated parts of the country receive fewer electricity. This helps maintain the stability of the system.

The fact, that cryptocurrencies are gaining popularity in the country, confirms the recent proposal of the policy of Luizao Gulart (Luizão Goulart) pay employees a salary in cryptocurrencies. He made a new bill for discussion, According to which workers will be able to receive a salary in cryptocurrency, subject to mutual consent of the employee and the employer.