Biden's mining tax is the least sensible part of his 2025 budget proposal

If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.

South Korea’s Democratic Party said increasing the tax threshold to 50 million won ($36,000) would mean only big players will be affected. 

Cyberport’s rapid growth includes over 270 Web3 enterprises and initiatives for real-world blockchain applications in Hong Kong.