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Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes

Published 02/11/2023, 12:31 AM
Updated 02/11/2023, 02:20 AM
BTC/USD
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Kazakhstan, one of the biggest Bitcoin (BTC) mining hubs in the world, announced plans to introduce new crypto regulations aimed at reducing tax fraud and unlawful business operations.

A new law signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6 reinstated the nation’s stand against the unlawful mining operations and issuance of crypto assets. Out of the two distinct legislations, the first requires the secured digital assets issuers to have the government’s permission.

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