Kazakhstan will oblige miners to sell 75% of income – OfficeLife

From January 1, 2024, the sale of 75% of mining income will become mandatory in Kazakhstan. So the country’s regulator expects to reduce the number of tax frauds,
writes ixbt.com.

Kazakhstan will oblige miners to sell 75% of income

Photo: pixabay.com

According to the calculations of the authorities of Kazakhstan, the number of illegal transactions will also be reduced with the new rules. The government of the country will approve the list of mining pools. It will be necessary to sell crypto assets to exchanges registered in the special economic zone – the Astana International Financial Center.

Before these rules take effect, Kazakh President Kassym Zhomart Tokayev must sign a new package of laws on mining.

The obligation to sell 75% of mining income will be in effect until January 1, 2025.

Kazakhstan is traditionally included in
top countries in terms of cryptocurrency mining. But at the same time there regularly
toughen rules and calculate “grey miners”.

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