Express

Kazakhstan Introduces New Crypto Laws Aimed at Reducing Tax Fraud

Katie Lin

Summary: Kazakhstan has introduced new crypto laws aimed at reducing tax fraud and unlawful business operations. The new law, signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6, contains two pieces of legislation. The first requires all secured digital assets issuers to have the government’s permission and will take effect on April 1. The second legislation ...

Kazakhstan has introduced new crypto laws aimed at reducing tax fraud and unlawful business operations.

The new law, signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6, contains two pieces of legislation. The first requires all secured digital assets issuers to have the government’s permission and will take effect on April 1.

The second legislation requires all crypto miners to sell at least 75% of their revenue on crypto exchanges and will be effective from Jan. 1, 2024, to Jan. 1, 2025.

Author: Katie Lin

Last Update:

Tags: ,,,,,,
Link: Kazakhstan Introduces New Crypto Laws Aimed at Reducing Tax Fraud   [Copy]
Next:

Related Articles

  • The Bitcoin Halving is Complete! What’s Next? 4 days ago
  • Runes on Bitcoin: The Next Big Opportunity? 7 days ago
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 12 days ago
  • The Value of Web3 Social, Explained 12 days ago
  • Initiated by Uweb and Waterdrip Capital, "Deep in Labs" announces its DePIN Demo Day 26 days ago

    • You need to login to comment.