According to Kuantyrov’s statement, first reported by ForkLog, this will help the country financially in tax collection, as it translates into an improvement for the state budget. However, this decision could cause many miners to explore other countries like El Salvador, where the mining tax will be a flat 10% to finance the construction and services of Bitcoin City.
Having worked as a professional content writer for three years before that, Felix transitioned to working on blockchain-centered projects and hasn’t looked back ever since.