Home Finance Kazakhstan Collected $7 Million in Crypto Mining Taxes in 2022

Kazakhstan Collected $7 Million in Crypto Mining Taxes in 2022

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Kazakhstan Collected $7 Million in Crypto Mining Taxes in 2022

The federal government of Kazakhstan acquired 3.07 billion tenge (roughly $7 million) in tax funds from crypto mining entities in 2022, following the implementation of an amended legislation regulating the tax burden of crypto -mining currencies, in accordance native media reviews.

Preliminary authorities knowledge for 2023 reveals mining royalties collected as of April 27 totaled 240 million tenge – price greater than $541,000 on the time of writing. The numbers are properly beneath the 652 million tenge (~$1.5 million) price paid within the first quarter of 2022.

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