Posted on

#CoronavirusGlobalResponse – EU Humanitarian Air Bridge to Peru and €30.5 million for Latin America and the Caribbean


As part of the EU’s global coronavirus response, an EU Humanitarian Air Bridge operation consisting of three flights to Lima, Peru this week is delivering a total of more than four tonnes of life-saving materials to humanitarian organizations active in the country. At the same time, the EU has announced €30.5 million in humanitarian assistance to support the most vulnerable in Latin America and the Caribbean in 2020.

“At this critical time, the EU continues to support those in need in Peru and in the whole of Latin America. The coronavirus pandemic places huge logistical pressure on the humanitarian community, while the needs remain high in critical areas. Thanks to the collaborative efforts of the EU, Spain and the Peruvian authorities, vital assistance was delivered to help the people of Peru tackle this pandemic,” said Crisis Management Commissioner Janez Lenarčič.

Of the funding announced today, €15.5m are for disaster preparedness of vulnerable communities across Latin America and the Caribbean and to ensure they are ready to face the multiple natural hazards hitting the region. The remaining €15m will continue supporting humanitarian projects in Central and South America and in the Caribbean. The full press release is available online.



Source link

Posted on

#Kazakhstan proposes 15% tax on #Bitcoin mining to help combat #Coronavirus



Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus

Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic.

Proposed by the country’s ministry of economy, the new tax plan requires bitcoin (BTC) miners to first file an application for registration with the authorities, according to a recent report by a local Russian publication.

After this, the taxpayer must then indicate the 15% tax on their annual tax calculations. The report notes that “the clause on registration makes the bill unique… the taxpayer working with cryptocurrencies stands apart from the very beginning of filing a tax return”.

Funds raised from the draft tax will be channeled toward building the infrastructure that is needed to combat COVID-19 while also giving the economy a boost. The disease has so far killed nearly 1,300 Kazakhs, with more than 100,000 infected, official data shows.

Kazakhstan, a former Soviet state in central Asia, accounts for about 8% of the global bitcoin hashrate total, says crypto research company Bitooda. Together with Iran and Russia, the country boasts the world’s third-largest BTC mining industry.

Miners are typically drawn to Kazakhstan’s cheap electricity, which averages 3 cents per kilowatt-hour.

In June, Kazakh Digital Development, Innovation and Aerospace Industry Minister Askar Zhumagaliyev revealed that a total of 14 bitcoin mining companies were operating in the country’s north.

Over the next three years, the country is targeting up to $738 million of investment from crypto-related activities, particularly mining, he said.

According to the Russian publication, the Kazakh government is also planning to introduce legislation to regulate the cryptocurrency industry. The new laws are expected to set new electricity tariffs for the crypto mining sector.



Source link