English
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek
An easy way for the government of Kazakhstan to make money for the treasury by simply allowing citizens to mine cryptocurrency. When other states prohibit doing this, they see this as a benefit for everyone.
True, it may well be that Kazakhstan will soon be forced to ban mining of energy-consuming cryptocurrency, and above all with a proof-of-work algorithm in the fight against abrupt global climate change.
Forums
Cryptocurrency Forums - Join the Bitcoin Chat and Forum - Live Bitcoin Discussion about cryptocurrency trends and Chat Platforms.
Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest
Kazakhstan’s growing coin minting industry has the potential to pour $1.5 billion into the nation’s economy in a five-year period, resulting in over $300 million in tax revenue, according to the National Association of Blockchain and Data Center Industry which unites major companies involved in cryptocurrency extraction that account for 70% of the mining sector. Budget revenues can reach $400 million with the opening of cryptocurrency exchanges, the organization added.
According to the association’s president, Alan Dordzhiev, even now legal participants in the mining market bring Kazakhstan 98 billion tenge (close to $230 million) annually. Quoted by the local business news portal Inbusiness.kz and the crypto news outlet Forklog, Dordzhiev also noted: