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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

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