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

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

Cryptocurrency Feb 12, 2023 02:40AM ET

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

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Kazakhstan, one of the world’s biggest Bitcoin (BTC) mining hubs, announced plans to introduce new crypto regulations to reduce 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 pieces of legislation, the first requires the secured digital assets issuers to have the government’s permission.

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