The Kazakhstan government has reported budgetary gains from cryptocurrency mining in the first quarter of 2022.
State Revenue Committee of the Ministry of Finance of Kazakhstan, Monday, May 30 day Total energy fees paid by local crypto miners in the first quarter of 2022 published a report on
According to the report, the government January 1, 2022 after introducing a digital mining fee from to the budget of Kazakhstanfrom crypto mining in the first quarter of 2022 652 million Kazakhstan tenge ($1.5 million) energy fee added.
In the report, the governmentensure energy securityfor shutting down numerous crypto mining firms for a substantial portion of expected wages were not received. emphasizing that the committee, in addition, that it is considering increasing local fees for cryptocurrency mining as part of the new crypto bill gave place.
The committee also includes the review of tax reporting on payments related to digital mining. Kazakhstan’s tax law not provided by the 1 Kazakhstani tenge per 1 kWh (0.0024 dollar) stated that.
Kazakhstan Data Center Industry and Blockchain Association, 2021 In a prediction he made towards the end of the year, cryptocurrency mining that it can generate $1.5 billion in revenue in five years had said.
KazakhistanAccording to the latest data from the Cambridge Bitcoin Electricity Consumption Index (CBECI) January 2022 as of its 13% hash rate by its share USA and Chineseafter third largest Bitcoin mining region in the world located in.