Cryptocurrency Analysis and News Portal
All miners will have to submit business registration data, along with information about personnel, the power they consume or plan to consume, IP addresses used, their planned investments, the location of the mine, a copy of the cargo customs declaration or a document confirming that they obtained the equipment legally,
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The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities in Nur-Sultan believe that such an approach would have a positive effect on the state budget. Miners in Kazakhstan to Pay
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Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms registered as “innovative companies,” to receive millions of dollars in tax preferences. 5 Mining Entities in Kazakhstan Get $18 Million in
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Kazakhstan is to implement a pilot project for the creation and operation of cryptocurrency exchanges in the Astana International Financial Centre (AIFC). Source
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Notable political and business figures were said to be behind some of the mines, including the brother of former President Nursultan Nazarbayev. Original Source
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Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts.According to Cambridge Bitcoin Electricity Consumption Index (CBECI), Kazakhstan was housing over 18% of the world’s BTC hash rate as
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Crypto Miner BIT Mining Ditches Data Center Build in Kazakhstan Due to Unstable Power Supply Original Source
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The government is looking to increase a special tax on mining fivefold, weeks after it came into effect. Source
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The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry.On Feb. 4, Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, proposed a price increase from $0.0023 per Kwh to $0.01
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The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location
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