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Coinpedia
2024-12-28 09:00:05

Kyrgyzstan Crypto Mining Faces 50% Drop in Tax Revenue In 2024

Kyrgyzstan Crypto Mining Faces 50% Drop in Tax Revenue In 2024

The post Kyrgyzstan Crypto Mining Faces 50% Drop in Tax Revenue In 2024 appeared first on Coinpedia Fintech News In 2024, Kyrgyzstan experienced a sharp drop in tax revenue from cryptocurrency mining, despite the global rise in crypto valuations. The nation, known for its abundant hydroelectric resources, saw tax receipts from crypto mining fall by 50% compared to the previous year. How Does Kyrgyzstan Tax Crypto Mining? According to a report by the Ministry …

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