Kazakhstan to introduce new energy fees for crypto miners in 2022

As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners.

President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee for energy utilized by crypto miners operating in the country. The new fees will take effect starting in January 2022.

hash rate by country. Source: Cambridge Bitcoin Electricity Consumption Index