Kyrgyzstan Poised to Legitimize Crypto Mining By Cointelegraph

Kyrgyzstan Poised to Legitimize Crypto Mining By Cointelegraph


Kyrgyzstan Poised to Legitimize Crypto Mining

Lawmakers in the Kyrgyz Republic are considering a bill to tax and regulate cryptocurrency mining activities.

The bill, On Amending the Tax Code of the Kyrgyz Republic, seeks to increase government revenue by establishing taxation obligations for miners, in addition to establishing clear definitions for the terms ‘virtual assets’ and ‘mining’ within the context of cryptocurrencies.

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