Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on August 03, 2022, 01:00:49 PM

Title: What Kazakhstan’s new tax regime means for the crypto mining industry
Post by: newshunter on August 03, 2022, 01:00:49 PM

What Kazakhstan’s new tax regime means for the crypto mining industry

New amendments recently signed by the country’s president could bolster the energy grid refit while keeping overall prices relatively moderate.

Source: What Kazakhstan’s new tax regime means for the crypto mining industry (https://cointelegraph.com/news/what-kazakhstan-s-new-tax-regime-means-for-the-crypto-mining-industry)

Would appreciate your opinion about this

Title: Re: What Kazakhstan’s new tax regime means for the crypto mining industry
Post by: Noverteno on August 03, 2022, 06:45:17 PM

The regulation of cryptocurrency mining in Kazakhstan is carried out depending on the level of energy consumption by miners and is quite acceptable. Moreover, if the miners use their own "green" energy, the tax is reduced tenfold. I think that cryptocurrency mining will continue to flourish after these amendments. The state could also, when setting the level of taxation, take into account not only the energy consumed during mining, but also the profitability of the cryptocurrency that is being mined.