Iceland Lawmaker Proposes Tax on Incoming Cryptocurrency Miners


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Virtual currency miners are flocking to Iceland due to its abundance of renewable energy, and some lawmakers want to tax them, according to ABC News. Iceland’s renewable energy from hydroelectric and geothermal power plants has delivered competitive electricity rates. Smari McCarthy, a lawmaker from Iceland’s Pirate Party, wants to tax bitcoin mines. According to ABC

The post Iceland Lawmaker Proposes Tax on Incoming Cryptocurrency Miners appeared first on CCN

Posted by Lester Coleman on February 12, 2018 @ https://www.ccn.com/iceland-lawmakers-want-to-tax-expanding-crypto-miners/

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