Express
Kazakhstan Will Not Tax Cryptocurrency Mining
Summary: Kazakhstan will not tax cryptocurrency until the cryptocurrency is exchanged for fiat money, according to a report from Kazakhstani business publication Kursiv. A legislative analyst at a local blockchain association stated that the cryptocurrency will not be treated as entrepreneurial activity but instead as a “purely technological progress.” The report also revealed that Kazakhstan's lawmakers ...
Kazakhstan will not tax cryptocurrency until the cryptocurrency is exchanged for fiat money, according to a report from Kazakhstani business publication Kursiv.
A legislative analyst at a local blockchain association stated that the cryptocurrency will not be treated as entrepreneurial activity but instead as a “purely technological progress.”
The report also revealed that Kazakhstan's lawmakers have finalized a draft law on crypto taxation. The bill which is currently under consideration with the presidential administration will be sent to the Mazhilis, the lower house of the bicameral Parliament of Kazakhstan
By Ramsey Baker
Tags: Cryptocurrency,Kazakhstan,Mining,Tax
Link: Kazakhstan Will Not Tax Cryptocurrency Mining [Copy]
