Tax revenue from cryptocurrency mining is modest but growing in Kyrgyzstan
Kyrgyzstan untapped hydroelectric ability could TO DO he A future mining central, but It is progress has has been slow.
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THE government of Kyrgyzstan collection 78.6 million sum (almost $883,000) In taxes Since cryptocurrency minors In THE First of all 11 month of 2023, according to has local press reports quoting THE Finance Ministry. That was A spectacular increase on last years income.
Tax income Since crypto mining was volatile In Kyrgyzstan In 2023, varying Since 738,000 sum ($8,284) In FEBRUARY has 11.6 million sum ($130,212) In August. In November, THE last month reported, Receipts were flat has 7.6 million sum ($85,767) After fall Since THE August high. There East only A cryptocurrency mining business NOW Operating officially In Kyrgyzstan, although there were once a lot more.
Cryptocurrency mining tax income For THE First of all 11 month of 2022 was rising has 11.1 million sum ($133,200). THE tax rate East ten% of THE cost of electricity, including added value And sales taxes.
Related: THE world doesn't need banks, policy makers Or NGO — He needs DeFi
Kyrgyzstan has tremendous water resources In THE form of The glaciers, high altitude some lakes And the rivers, which to have A AGGREGATE length of on 35,000 km.,
Kyrgyzstan untapped hydroelectric ability could TO DO he A future mining central, but It is progress has has been slow.
News
Join
We
on
social
networks
THE government of Kyrgyzstan collection 78.6 million sum (almost $883,000) In taxes Since cryptocurrency minors In THE First of all 11 month of 2023, according to has local press reports quoting THE Finance Ministry. That was A spectacular increase on last years income.
Tax income Since crypto mining was volatile In Kyrgyzstan In 2023, varying Since 738,000 sum ($8,284) In FEBRUARY has 11.6 million sum ($130,212) In August. In November, THE last month reported, Receipts were flat has 7.6 million sum ($85,767) After fall Since THE August high. There East only A cryptocurrency mining business NOW Operating officially In Kyrgyzstan, although there were once a lot more.
Cryptocurrency mining tax income For THE First of all 11 month of 2022 was rising has 11.1 million sum ($133,200). THE tax rate East ten% of THE cost of electricity, including added value And sales taxes.
Related: THE world doesn't need banks, policy makers Or NGO — He needs DeFi
Kyrgyzstan has tremendous water resources In THE form of The glaciers, high altitude some lakes And the rivers, which to have A AGGREGATE length of on 35,000 km.,
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