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Bitcoin

US government wants to tax bitcoin to reduce its environmental impact

The computers that secure cryptocurrencies like bitcoin consume large amounts of power, pushing up electricity prices and potentially contributing to climate change. Now, the US government wants to tackle the problem

By: New Scientist
  • Mar 28 2024
  • 11
  • 176 Views
US government wants to tax bitcoin to reduce its environmental impact
US government wants to tax bit
Bitcoin mining has been linked to rising electricity prices Thomas Lenne/Alamy Stock Photo The US government has proposed a tax on cryptocurrency miners in an effort to reduce the industry’s sizeab… [+3112 chars]

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