Crypto Tax: Kazakhstan Recommends Tax On Cryptocurrency Miners

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Kazakhstan’s national grid operator has begun restricting energy to the country’s largest customers, with cryptocurrency mining farms presumably being the target. Officials might be rethinking their recent acceptance of the crypto business in the face of a looming energy deficit.

Bitcoin’s worldwide processing power dropped roughly 13% after data centers used to mine the cryptocurrency were knocked offline due to shutdowns during an uptick in instability in the nation.  

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