Crypto mining taxes in Kazakhstan is next step to legitimize digital assets

Starting next January 2022 crypto mining activity will be taxed in amount 1 KZT per 1 KWT/hour. Since 2020 government taking the measures to legitimize the cryptocurrency and mining activity. Kazakhstan is undergoing a boom in crypto industry hosting around 6-7% of the world’s crypto mining capacity. Recent Chinese ban on crypto mining may add another 30-40% to mining capacity.