Kazakhstan government considers higher taxes for cryptocurrency miners.
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity.Government officials in Kazakhstan are debating over new legislation for the cryptocurrency industry.
Quoted by Kazinform, First Deputy Minister of Finance Marat Sultangaziyev noted at a recent meeting of an interdepartmental commission that mining activities are now subject only to , but more rules are to come. He also emphasized that it’s very difficult to identify underground miners who consume a lot of electricity illegally.Kazakhstan has been trying to deal with a growing power deficit since last year when the country welcomed mining companies moving out of China after Beijing launched a crackdown on bitcoin minting operations in May. The shortages were
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Kazakhstan President Calls for Tax Increase on Crypto Mining: ReportKazakhstan's government wants to increase taxes on crypto mining, saying the industry consumes a lot of energy without creating jobs. egreechee reports.
Lire la suite »
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency – Mining Bitcoin NewsElectricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas due to crypto mining.
Lire la suite »
Valkyrie's bitcoin mining ETF will list on Nasdaq tomorrowValkyrie's bitcoin mining ETF is slated to list on Nasdaq at tomorrow's opening bell, according to a spokesperson for the issuer.
Lire la suite »
Google Cloud to detect crypto-mining malware on virtual machines86% of compromised Google Cloud instances analyzed were related to crypto mining. That’s when the Google Cybersecurity Action Team assembles to save the day.
Lire la suite »
Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8At least 80% of the investment's net assets are through securities that “derive at least 50% of their revenue or profits” from Bitcoin mining.
Lire la suite »
An overview of new Bitcoin mining power capacities in the AmericasIn the months following China’s crackdown on the Bitcoin mining industry, institutions elsewhere in the world – particularly the ones in North America –
Lire la suite »