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Kazakhstan Changing Fee for Digital Mining of Cryptocurrencies

06 July 2022

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Approved Changes

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Kazakhstan

Kazakhstan's parliament has reportedly approved changes to the new fee for digital mining of cryptocurrencies. Introduced from 1 January 2022 at a single rate of KZT 1 per KWh of electricity use in digital mining activities, the fee is being changed to progressive rates as follows based on the average electricity price per KWh: KZT 5-10 per KWh price - KZT 10 per KWh fee KZT 10-15 per KWh price - KZT 7 per KWh fee KZT 15-20 per KWh price - KZT 5 per KWh fee KZT 20-25 per KWh price - KZT 3 per KWh fee KZT 25...