Kazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices
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The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities in Nur-Sultan…
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President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author:…
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…