Kazakhstan collected $7M in crypto mining taxes in 2022 The government of Kazakhstan received 3.07 billion tenges (approximately $7 million) in tax payments from crypto mining entities in 2022 following the implementation of an amended law regulating the fiscal burden of mining cryptocurrencies, according to local media reports.
Preliminary data from the government for 2023 shows that mining fees collected by April 27 totaled 240 million tenges, over $541,000 at the time of writing. The figures are much lower than the 652 million tenge (~$1.5 million) in fees paid in the first quarter of 2022.
Kazakhstan ranks among the world’s top Bitcoin mining hubs. As of January 2022, the Central Asian country contributed 13.22% of the total Bitcoin hash rate, just behind the United States (37.84%) and China (21.11%), according to data from Cambridge Centre for Alternative Finance.
