On the other side of the aisle, Rep. Mike McFall (D-MI) filed two companion bills—HB 4512 and HB 4513—focused on Bitcoin mining and environmental remediation.
One bill outlines a “Bitcoin Program” that would grant private firms temporary rights to mine Bitcoin at abandoned oil or gas well sites, using leftover fuel.
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It also said that it wants to create tax rules for firms that provide “computing power for mining” to non-Russian clients.
The VAT charges will likely apply to real-time, monthly, or annual leasing bills and transactions. The ministry said that a lack of “clear explanations” in current legislation has left providers u...
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