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
- According to Coin Metrics, BTC mining alone has brought miners $14 billion over the last 10 years.
- At the beginning of 2020, the Bitcoin miners’ revenues should exceed $15 billion.
See also: "Bitcoin miners earned $14 billion"