Kazakhstan proposed to tie mining tax to the price of cryptocurrency
This will attract more funds to the state budget, the Minister of National Economy of the Republic Alibek Kuantyrov believes
15.04.2022 - 07:35
308
1 min
0
What’s new? The Minister of National Economy of Kazakhstan, Alibek Kuantyrov, believes that the tax on cryptocurrency mining should be tied to the value of digital assets. He stated this at a briefing of the Central Communications Service under the President of the Republic of Kazakhstan.
News on the TengriNews website
How will this affect revenues? The department is considering tying the tax to the value of cryptocurrencies. According to Kuantyrov, this will have a positive impact on the country’s budget. So, if the value of digital assets grows, the amount of tax will also increase.
What had happened before? In early February 2022, Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, proposed to increase the price of electricity by three times, from $0,0023 per kWh to $0,01. He also proposed to impose a tax on each individual video card (GPU), comparing them to gambling tables in casinos. The third part of his proposal was to remove the VAT exemptions for all mining equipment.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 801
BTC
+2.14%
-
Ethereum
$3 371.73
ETH
+8.62%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.41
XRP
+28.91%
-
Dogecoin
$0.393875
DOGE
+3.99%
-
Cardano
$0.886148
ADA
+13.69%
-
Bitcoin Cash
$492.96
BCH
+6.06%
-
Polkadot
$6.21
DOT
+10.92%
-
Stellar XLM
$0.287502
XLM
+21.05%
-
Litecoin
$90.11
LTC
+6.1%