Kazakhstan block reward miners face new energy costs in 2022 Tech
Emerging digital currency hotspot Kazakhstan has announced it is to implement a new regime of energy fees for mining companies in 2022, after the country’s president passed a new law introducing an extra tier of charges.
President of the Republic of Kazakhstan Kassym-Jomart Tokayev signed the law that will introduce a new tax levy on block reward mining companies operating in the country, which will come into force in January 2022.
The law means there is a 1 Kazakhstan tenge ($0.00233) per kilowatt-hour additional levy applied to crypto mining businesses after the new year, which is designed to assist with regulation of the sector.
Weekly Roundup of Cryptocurrency News 09/07/2021
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Crypto Miners to Pay Higher Rates for Electricity in Kazakhstan | Negative Impact on Investment Attractiveness
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