COP29 TASK FORCE WANTS TO INCREASE TAXES ON CRYPTOCURRENCIES 💰🌍

A report from COP29, the UN climate conference, proposes GLOBAL TAXES ON CRYPTOCURRENCIES to finance the energy transition in developing countries. Estimates include:

1️⃣ Crypto mining tax: US$$ 0.045 per kWh used (US$$ 5.2 billion in revenue).

2️⃣ 0.1% tax on transactions: US$$ 15.8 billion in revenue.

3️⃣ Capital gains tax: 20% of revenue, reaching US$$ 323 billion.

Despite the potential, IMPLEMENTING THESE TAXES IS CHALLENGING due to the anonymity of blockchain.

The task force is led by France, Kenya and Barbados, with support from the European Union, the African Union and Brazil. COP29 is taking place in Baju, Azerbaijan, and is already planning the next event, COP30, which will be held in Belém, in the heart of the Amazon, in 2025. 🌱💡