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Kazakhstan considering to tie mining tax rate to cryptocurrency

Kazakhstan Materials 14 April 2022 17:38 (UTC +04:00)
Kazakhstan considering to tie mining tax rate to cryptocurrency
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, April 14. Kazakhstan’s Ministry of National Economy is considering proposals on increasing the tax burden for miners, including the proposal to tie the tax rate to the value of the cryptocurrency, Minister Alibek Kuantyrov told reporters, Trend reports via the Central Communications Service (CCS).

Kuantyrov made the remark during a press conference at the CCS.

“The cryptocurrency growth would benefit the budget,” he said.

“Personally I don’t invest in cryptocurrencies. This probably requires a certain time and competence,” the minister noted. “I was interested in these issues both during analytical work which I carried out in the Presidential Administration, and now.”

He also advised to invest both in crypto, and other currencies, or real assets, as well as approach this kind of investment very sensitively.

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