Kazakhstan Tightens Regulation for Miners, Looks to Develop Broader Crypto Industry

of any given time. Miners will be able to buy in free market conditions on KOREM at wholesale prices, without any price restrictions or controls, local media reported.Crucially, the bill enshrines that miners have to pay corporate tax. Preferential taxation benefits that some could enjoy as high-tech firms in asigned into law a tax hike

It looks like miners will have to pay double tax, making them less competitive globally, Bekbau said, who thinks that the electricity tax should be eliminated. The blockchain association's press secretary however believes that the bill just ensures that the corporate tax will be"calculated in more detail."

The “liquidity problem shouldn't be solved at the expense of miners,” who should be able to choose where to sell their coins, he said.Once the exchanges receive liquidity

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