President of Kazakhstan: Develop regulations for mining by April 1 to ensure miners meet their obligations


We was informed that the socio-economic impact of crypto mining is minimal, not creating many jobs or products, but consuming a lot of energy, Kassym-Jomart Tokayev, the president of Kazakhstan, said at a meeting with ministers this week, Bitcoincom reported. In some cases, miners use subsidized electricity and do not pay duties on imported equipment. Those who want to work in this field must have the proper licenses, get electricity at the proper tariff, declare income and pay taxes, and start green energy projects. He ordered the government to put in place comprehensive regulations for the industry by April 1 to ensure miners meet their obligations.