02/09/19 08:00 UTC-4

Kyrgyzstan wants to introduce a 15% mining tax. Budget can gain $5 million

MiningKyrgyzstan authorities will take
Kyrgyzstan authorities will take "dough" for mining

The Ministry of Economy of Kyrgyzstan wants to impose a 15% tax on miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
in the country. Authorities are sure that such a move will bring $5 million a year to the country's budget.


Kyrgyzstan ponders a 15% mining tax

According to Kabar, the local news agency, the Ministry of Economy of Kyrgyzstan has developed and published a draft of the law that should regulate the taxation of mining in the country.

The government proposes to set a 15% rate. This will allow the budget to attract 346.8 million Kyrgyzstani soms per year (about $5 million).

Interesting in the section: The CGMiner mining program, as a method of mining cryptocurrency



See also: "Bitcoin miners earned $14 billion"

#Mining #Cryptocurrency #Kyrgyzstan #Taxation #Bitcoin

Editor: Alyona Nabok


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