Kazakhstan proposes power price hikes and taxes targeting crypto miners

kazakhstan proposes power price hikes and taxes targeting crypto miners

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How Kazakhstan's Internet Outage Is Affecting Crypto Miners - The Daily Forkast
In response to energy shortages and efforts to rationalise prices, protests broke out across Kazakhstan in , leading the government to reintroduce price. Kazakhstan may soon become a hostile country to cryptocurrency mining after the government proposes to increase taxes and electricity prices for miners. Kazakhstan plans to increase electricity prices and taxes for crypto miners. According to the First Vice Minister of Finance, Marat Sultangaziyev, electricity.
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    calendar_month 20.06.2022
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There is clearly support for renewables in Kazakhstan, including among citizens. This is due to the persistence of artificially low prices, under-investment in network infrastructure and the energy industry, and perverse export incentives. Further fossil fuel development and investment are still being planned, including construction of new coal power plants, gassification of older coal plants, exploration, and ramping up oil production. Chinese Metaverse incoming!