Post by: newshunter on November 21, 2021, 07:00:45 PM
In addition to calling for greater regulation in the cryptocurrency industry, President Tokayez contemplated the introduction of a digital Kazakhstani tenge.
Source: 'We are the number two crypto miner in the world, and we see practically no financial return,' says Kazakhstan President Tokayev (https://cointelegraph.com/news/we-are-the-number-two-crypto-miner-in-the-world-and-we-see-practically-no-financial-return-says-kazakhstan-president-tokayev)
Would appreciate your opinion about this
Post by: TomPluz on November 22, 2021, 02:19:05 AM
I don't understand why is this president complaining. they can easily tax the Bitcoin mining industry located in their territory. One, they can be able to charge a hefty fees like permit to do business and they can charge a certain percentage of the Bitcoin generated. The power to tax is always in the hands of the government. And all of these things can be part of a regulatory framework which Kazakhstan can easily put into law and be implemented.