Kazakhstan government to inspect all cryptocurrency miners and raise electricity tax.
of 1 tenge per kilowatt-hour used to mint digital currencies. Quoted by Tengrinews, Tokayev said:
The head of state elaborated that the socio-economic effect of the mining business is minimal, noting that the sector does not create many jobs or products but consumes a lot of energy. In some cases, miners use subsidized electricity and do not pay duties on imported equipment while cashing out their profits in other jurisdictions.
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