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Cryptocurrency miners in Kazakhstan urged local authorities to leave the tax at the same level, as well as recognize their activities as an industry
Cryptocurrency miners from Kazakhstan intend to ask local authorities not to change the tax rate. Zakon.kz writes about it. In addition, they will ask the authorities to recognize their activities as industry. The proposal was supported by representatives of mining companies BTCKZ, Enegix and GDA.
Alan Dorjiev, President of the Blockchain and Data Center Industry Association, said that legal miners have already experienced power outages. According to him, because of this, data centers have not been operating in Kazakhstan for two months.
«[…] initiatives of the government and authorized bodies to increase the tax on cryptomining […] can safely kill the industry,” Dorjiev said.
Local miners do not understand how the rate of 10 tenge (₽2.6) per kilowatt per hour was formed, what the calculations are based on and whether they were made at all, and why the authorities do not meet with major industry players.
Earlier, the head of the republic, Kassym-Jomart Tokayev, ordered to study the issue of raising taxes on cryptocurrency mining. According to him, miners should receive electricity “at adequate rates.” The current rate of 1 tenge (~0.26 rubles) per kilowatt is “negligible,” Tokaev says.
He also believes that the socio-economic effect of mining is minimal, although the activity of mining crypto-currencies consumes a lot of electricity. A full package of regulatory norms for mining in Kazakhstan will be prepared by April 1. According to the First Vice Minister of Finance of Kazakhstan, Marat Sultangaziyev, it is expected that in terms of taxes for miners, a combined rate will apply.
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