Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Kazakhstan Plans to Increase Crypto Mining Tax 10 Times

Feb. 15, 2022, 3:41 AM

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

© 2022 Bloomberg L.P. All rights reserved. ...