The government of Kazakhstan is currently working on increasing the taxes on cryptocurrency mining, while expressing its intent to tie the new rate to the value of the minted cryptocurrency. In a recently issued statement by the Minister of National Economy, Alibek Kuantyrov, implementing this mechanism will help increase the country’s budget receipts. “We are considering increasing the tax burden for miners, at the moment we are also considering linking the tax rate for miners to the value of the cryptocurrency. If the cryptocurrency grows, it will be good for the budget,” Kuantyrov said. If the government moves ahead with […]