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 cryptocurrency mining, in accordance native media reviews.

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

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