Kazakhstan To Tax Crypto Mining Worth $235 Million By 2022

Kazakhstan government It received over 3.07 billion tenge (about 235 million baht) in tax payments from crypto mining companies in 2022 after amendments to the law regulating mining. cryptocurrencies according to the reportmedialocal

Preliminary data from the government for 2023 shows that mining fees collected by April 27 totaled 240 million tenge, which is more than $541,000 at the time of writing. That figure is below the 652 million tenge (about $1.5 million) paid in the first quarter of 2022.

Kazakhstan is one of the top Bitcoin mining centers in the world as of January 2022, with the country accounting for 13.22% of the total Bitcoin hash rate behind the United States (37.84%) and China (21.11%), according to the Cambridge Center for Data. Alternative Finance

Kazakhstan has introduced a mining tax on January 1, 2022, based on electricity consumption.

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