The vice minister of Kazakhstan proposed to increase electricity prices and introduce taxes for miners – Bits Media

The Government of Kazakhstan considers two proposals at once, aimed at restrictions for miners: Raising electricity prices and the introduction of mining equipment tax.

During the discussion of the bill "On digital assets in the republic Kazakhstan "Vice Minister of Finance of the country Marat Sultangaziev made an offer to increase electricity prices for miners from $0.0023 for 1 kWh to $0.01 - About 335%.

Besides, He proposed to introduce mining equipment tax, bringing the casino as an example, where each table is taxed regardless of, Is it used. The vice minister also proposed to remove the exemption from VAT for mining equipment.

All restrictions for mining activities, According to Sultangaziev, Now they are notifying, and in fact this industry is not regulated in any way. He declared:

“In terms of taxes there will be a combined rate, Combined tax. This is an increase in the bet itself - now 1 tenge per kilowatts, And we suggest increasing to 5 tenge per kilowatts ".

Kazakhstan is considered the most attractive country for miners just due to electricity prices. The hashrate of the Bitcoin network decreased approximately by 13.4%, When electricity was disconnected in Kazakhstan during unrest in the country. Then the deputy of the Spanish Congress Maria Mugnos (María Muñoz) turned to the government with a proposal to invite Kazakhstan miners to Spain.