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Market
Will IMF's proposed 85% electricity tax hike on crypto and AI be approved by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official IMF announcements, government publications, or major financial news outlets
Story
IMF Proposes 85% Electricity Tax Hike on Crypto and AI
Aug 16, 2024, 11:48 AM
The International Monetary Fund (IMF) has proposed a significant increase in electricity taxes for crypto miners and AI data centers, suggesting an 85% hike. This proposal is part of an effort to address the surging carbon emissions attributed to these industries. The IMF's report highlights the environmental impact of both AI and cryptocurrency operations and suggests that regulatory measures, such as a 'cryptocarbon' tax, could mitigate these effects. The proposal has sparked a debate, with some stakeholders in the cryptocurrency community offering rebuttals and calling for a pause to consider the implications.
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Similar markets
United States • 25%
China • 25%
Germany • 25%
Other • 25%
Yes • 50%
No • 50%
Other countries adopt similar policies • 25%
Criticism from international bodies • 25%
No significant international reaction • 25%
Increase in cross-border crypto regulations • 25%
Less than 50% • 25%
50% to 75% • 25%
76% to 100% • 25%
More than 100% • 25%
Crypto Mining • 33%
AI Data Centers • 33%
Both Equally • 33%
