FinanceMagnates
In 2024, Kyrgyzstan saw a significant drop in tax revenue
from cryptocurrency mining, despite the global rise in crypto valuations. The
country’s tax receipts from mining fell by 50% compared to 2023, according to
Coinpedia Fintech News.The Ministry of Economy and Finance reported that Kyrgyzstan
collected approximately $535,000 in mining
taxes this year…
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Kyrgyzstan’s Crypto Mining Tax Revenue Halves to $535K in 2024
Tareq Sikder
04:21
In 2024, Kyrgyzstan saw a significant drop in tax revenue from cryptocurrency mining, despite the global rise in crypto valuations. The country’s tax receipts from mining fell by 50% compared to 2023, according to Coinpedia Fintech News.The Ministry of Economy and Finance reported that Kyrgyzstan collected approximately $535,000 in mining taxes this year…
