{"id":57751,"date":"2022-02-15T09:53:38","date_gmt":"2022-02-15T07:53:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57751"},"modified":"2025-09-04T13:20:22","modified_gmt":"2025-09-04T10:20:22","slug":"kazakhstan-considers-tenfold-rise-in-mining-tax","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kazakhstan-considers-tenfold-rise-in-mining-tax\/","title":{"rendered":"Kazakhstan considers tenfold rise in mining tax"},"content":{"rendered":"<p>The Ministry of National Economy of Kazakhstan proposed increasing the mining tax on cryptocurrencies tenfold. Local media, citing a statement by the minister, Alibek Kuantyrov, <a href=\"https:\/\/orda.kz\/v-kazahstane-planirujut-uvelichit-nalog-na-majning-v-10-raz\/\">\u0441\u043e\u043e\u0431\u0449\u0430\u044e\u0442<\/a>.<\/p>\n<p>According to him, registered mining companies currently consume about 640 MW of electricity capacity, obtaining it directly from energy producers or unregulated energy-supply organisations.<\/p>\n<p>Kuantyrov attributed this to the tariff&#8217;s attractiveness.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;In this regard, the ministry proposes considering the creation of a separate group of consumers of energy-producing organisations in order to establish higher tariffs for them than for other consumer groups,&#8221; he said.<\/p>\n<\/blockquote>\n<p>In the slides presented by the head of the agency, it is proposed to raise the tax from 1 to 10 tenges (from $0.0023 to $0.023) per kWh.<\/p>\n<p>Kazakhstan currently accounts for more than 18% of the world&#8217;s total crypto-mining capacity <a href=\"https:\/\/ccaf.io\/cbeci\/mining_map\">\u0441\u0432\u044b\u0448\u0435 18% \u0432\u0441\u0435\u0445 \u043c\u0438\u0440\u043e\u0432\u044b\u0445 \u043c\u043e\u0449\u043d\u043e\u0441\u0442\u0435\u0439<\/a>.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/kazakhstan-president-signs-law-introducing-an-additional-mining-fee\">Mining tax<\/a> has been in effect in the country since 1 January 2022.<\/p>\n<p>In early February, President Kassym-Jomart Tokayev tasked <a href=\"https:\/\/u1f987.com\/en\/news\/kazakhstans-president-orders-higher-taxes-on-cryptocurrency-mining\">to raise the tax rate<\/a> on cryptocurrency mining and to identify all farms by 15 March.<\/p>\n<p>For more details on how Kazakhstan is losing miners due to government policy, read ForkLog&#8217;s special report.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of National Economy of Kazakhstan proposed increasing the mining tax on cryptocurrencies tenfold.<\/p>\n","protected":false},"author":1,"featured_media":57752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,504,153,558],"class_list":["post-57751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-energy","tag-kazakhstan","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57751"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57751\/revisions"}],"predecessor-version":[{"id":57753,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57751\/revisions\/57753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57752"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}