Icelandic Lawmaker Floats Bitcoin Mining Tax166.08

An Icelandic lawmaker has suggested imposing a new tax on bitcoin mining companies. Speaking with Associated Press, Smari McCarthy of the Icelandic Pirate Party floated the idea during an interview about the country's global position as a hub for bitcoin miners. Iceland has long played home to an ecosystem of bitcoin miners, thanks to the country's access to abundant sources of geothermal power and Arctic air, the latter of which is key for keeping the power-hungry mining hardware cool without added electricity costs. The Pirate Party currently holds 6 seats out of 63 in the Althing, Iceland's parliament, meaning that the party alone is unlikely to succeed in pursuing any kind of bitcoin mining tax on its own.
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