Exchanges

Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks

Coins Legend June 17, 2022 0

Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country. Pilot Project to

Technology

Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1

Coins Legend June 1, 2022 0

The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues in Kazakhstan Kazakhstan has received 652 million tenge (almost […]

Technology

Kazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices

Coins Legend April 15, 2022 0

The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities in Nur-Sultan believe that such an approach would have a positive effect on the state budget. Miners in Kazakhstan to Pay Tax on the Value […]

Technology

Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits

Coins Legend April 3, 2022 0

Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms registered as “innovative companies,” to receive millions of dollars in tax preferences. 5 Mining Entities in Kazakhstan Get $18 Million in Tax Exemptions Auditors in Kazakhstan