With the coronavirus pandemic weighing heavily on the government’s hand, the tax will assist Kazakhstan in its recovery efforts.
The country’s block reward mining efforts have thus far attracted investment of 82.6 million Tenge, approximately $20 million.
The government is eyeing a further 300 billion tenges worth of investment to come over the next three years from the sector.
TAAL Distributed Information Technologies Inc. announces that it will delay filing its annual audited financial statements and management discussion and analysis for the year ended December 31, 2019 until on or about June 12, 2020.
Kazakhstan will eliminate all taxes on cryptocurrency mining and will only tax cryptos once they are sold for fiat currencies.
The black-outs were the result of the Company’s hosting provider’s power supplier undertaking a necessary upgrade in the substation transformer supplying power to the facility.
The Nur-Sultan based Astana International Financial Centre (AIFC) will leverage expertise from Bitfury in developing new applications for blockchain.
BNK Energy has opened the largest data center in Kazakhstan, which will provide cloud hosting services for CoinGeek Mining’s global fleet.