• Kazakhstan considers levy to crypto prices

    Soon it may be possible to increase the tax burden for cryptocurrency miners in Kazakhstan, and the new rate will be tied to the value of minted cryptocurrency.

     

    There are those who believe that such a move will impact the state budget in a positive way.

     

    A government official said that the move will increase budget receipts, and this will lead to identifying all mining facilities in the country, checking their tax and customs documents.

     

    It is also believed that these crypto miners have been exploiting tax loopholes.

     

    A government official said that this is a good time to deal with them.

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