Kazakhstan Introduces Additional Taxes for Crypto Miners

From decrypt.co

President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed amendments to the country’s tax and budget payments code introducing a new tax for cryptocurrency mining operators. Specifically, the amendments impose a fee to the tune of 1 Kazakhstan tenge ($0.0023) per kilowatt-hour (kWh) utilized by cryptocurrency miners and will take effect from January 1, 2022. Albert Rau, who chairs the committee for economic reform and regional development and authored the new legislation, earlier told local news outlet Kursiv that energy fees on miners would not only bring the mining industry into a ... (full story)