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

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 7 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 3 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 6 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 7 days ago

    • You need to login to comment.