Last year, Kazakhstan added $0.0023 (about Rs 0.17) to the electricity tax. According to the report of local media Tengrin News, this time the tax has been increased five times.
The report cited the President’s statement, which says that “the current rate is modest. I direct the government to increase this tax manifold at the earliest.”
Crypto miners will also have to pay an import duty for their equipment.
The President of Kazakhstan has ordered relevant government organizations to make a full proposal on crypto-mining regulations by 1 April.
Last year, Kazakhstan became the world’s second-largest center for bitcoin mining after the United States, according to the Cambridge Center for Alternative Finance, when a major mining hub—China—removed cryptocurrency mining in September. The activity was banned.<!–
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