Kazakhstan Plans to Increase Crypto Mining Tax 10 Times

Kazakhstan plans to raise tax for mining cryptocurrencies to 10 tenge ($0.02) per kilowatt hour from current 1 tenge rate, Kazakhstan national economy minister Alibek Kuantyrov tells the government in a presentation.

• The government also plans to charge cryptocurrency miners higher prices for electricity
• NOTE: Kazakhstan President Calls For Tax Hike on Crypto Mining: IFX
• READ: Kazakhstan Blames Short Circuit Not Bitcoin for Massive Blackout

To contact the reporter on this story:
Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editors responsible for this story:
Torrey Clark at tclark8@bloomberg.net

Eduard Gismatullin

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