Kazakhstan proposes power price hikes and taxes targeting crypto miners

Kazakhstan proposes power price hikes and taxes targeting crypto miners

The central Asian country’s government has proposed three price increases to electricity and taxes specifically targeting crypto miners. The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry.On Feb. 4, Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, proposed a price increase from $0.0023 per Kwh to $0.01 (around a 335% increase) specifically for crypto miners. He also proposed a tax on each individual graphics card (GPU) and each....


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