Kyrgyzstan Sees Decline In Cryptocurrency Mining Tax Revenue

According to Cointelegraph, Kyrgyzstan's economy experienced a notable decrease in revenue from cryptocurrency mining taxes, despite the rising valuations of cryptocurrencies in 2024. The country's Ministry of Economy and Finance reported that the mining tax contributed over 46.6 million Kyrgystani soms, equivalent to approximately $535,000, to the national economy this year. This figure... source: https://www.binance.com/en/square/post/18130133095154?utm_source=BinanceNewsRSS