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Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners

Bitcoin.com
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners
$POWER
Kazakhstan President Signs Law Increasing Tax Burden for Crypto MinersPresident of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin. Cryptocurrency Miners in Kazakhstan to Pay Higher Taxes President Tokayev […]
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Sky co-founder proposes no new emissions for core token

Sky co-founder proposes no new emissions for core token

Uzbekistan Presents Registration Requirements for Cryptocurrency Miners

Bitcoin.com
Uzbekistan Presents Registration Requirements for Cryptocurrency Miners
bitcoin.com
Uzbekistan Presents Registration Requirements for Cryptocurrency MinersAuthorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to register with the government and use renewable energy. Uzbekistan Discusses Draft Regulations for Crypto Mining Sector Entities involved in cryptocurrency mining will need […]
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Sky co-founder proposes no new emissions for core token

Sky co-founder proposes no new emissions for core token

Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1

Bitcoin.com
Kazakhstan Makes .5 Million From Crypto Mining Sector in Q1
$POWER
Kazakhstan Makes .5 Million From Crypto Mining Sector in Q1The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues in Kazakhstan Kazakhstan has received 652 million tenge (almost […]
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Sky co-founder proposes no new emissions for core token

Sky co-founder proposes no new emissions for core token

Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament

Bitcoin.com
Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament
$POWER
Proposed Crypto Mining Ban in Norway Fails to Gain Support in ParliamentA push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for crypto miners. Norway Will Not Ban Bitcoin Mining The parliament of Norway has considered […]
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Sky co-founder proposes no new emissions for core token

Sky co-founder proposes no new emissions for core token

Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims

Bitcoin.com
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims
$POWER
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization ClaimsAuthorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin Miners Start Pulling Machines Out of Kazakhstan Companies, legally operating mining […]
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Sky co-founder proposes no new emissions for core token

Sky co-founder proposes no new emissions for core token

Kazakhstan President Orders Government to Find All Miners and Raise Tax by April

Bitcoin.com
Kazakhstan President Orders Government to Find All Miners and Raise Tax by April
$POWER
Kazakhstan President Orders Government to Find All Miners and Raise Tax by AprilPresident of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal mining activities, but crypto farms should be licensed and taxed, Tokayev insisted. Miners in Kazakhstan to Pay Higher Electricity Tariffs On top of electricity shortages […]
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Sky co-founder proposes no new emissions for core token

Sky co-founder proposes no new emissions for core token

Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining

Bitcoin.com
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
$POWER
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto MiningAuthorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining Companies in Kazakhstan Expected to Pay Much More […]
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Sky co-founder proposes no new emissions for core token

Sky co-founder proposes no new emissions for core token

Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners

Bitcoin.com
Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners
$POWER
Kazakhstan Introduces Surcharge for Electricity Used by Crypto MinersCryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra Fee per Kilowatt-hour of Electricity Crypto mining entities […]
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Sky co-founder proposes no new emissions for core token

Sky co-founder proposes no new emissions for core token

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