Kazakhstan To Establish Legal Framework For Bitcoin, Crypto: Report
The legislation seeks to establish clearer guidelines for mining, taxes and licensing for service providers such as exchanges in the region.Kazakhstan plans to release a legal framework for the regulation of bitcoin and cryptocurrencies, per a report from Russian media outlet Tass. "Deputies of the Majilis of the Parliament have developed a sectoral bill on digital assets of the Republic of Kazakhstan and four related bills as a legislative initiative,” said Ekaterina Smyshlyaeva, a member of the Committee on Economic Reform and Regional Development of the Mazhilis.The initiative is....
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The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly. The Iranian National Tax Administration (INTA) is pushing to establish a legal framework for the taxation of crypto trading platforms operating in the country, according to a new proposal by the country’s tax authority.Two months after Iranian President Hassan Rouhani’s call for a legal framework for crypto trading, INTA reportedly detailed the necessity of legalizing digital asset exchanges in a proposal quoted by the local media. Reminding Iranian regulators....
Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their activities and help correct the forming public opinion that they are responsible for the country’s electricity deficit.
Crypto Mining in Kazakhstan Needs Additional Regulations, Lawmaker Says
New regulatory requirements and criteria for the crypto mining industry must be adopted to streamline its operations while developing a comprehensive ecosystem for digital assets. That’s according....
Quick Facts: 1️⃣ Kazakhstan is clarifying its crypto rules, creating a friendlier environment for regulated mining and digital-asset activity. 2️⃣Crypto assets can now circulate across Kazakhstan, no longer restricted to the Astana International Financial Center (AIFC). 3️⃣ PEPENODE introduces a hardware-free mine-to-earn structure that lets users access mining-style rewards through virtual nodes instead of rigs, […]
President Tokayev said Kazakhstan will give full legal recognition to digital assets if demand persists while they continue testing security concerns.
President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal mining activities, but crypto farms should be licensed and taxed, Tokayev insisted. Miners in Kazakhstan to Pay Higher Electricity Tariffs On top of electricity shortages that have already forced some companies to leave Kazakhstan, crypto miners are now facing a tax hike and stricter oversight. At a meeting with ministers this week, President Kassym-Jomart Tokayev ordered the....