Crypto mining tax revenue fell by over 50% for Kyrgyzstan, netting just over $535,000 for the country’s budget.
Kyrgyzstan cryptocurrency mining tax collection falls 50% YoY in 2024
Crypto mining tax revenue fell by over 50% for Kyrgyzstan, netting just over $535,000 for the country’s budget.
Cryptocurrency Mystery in Kyrgyzstan: Why Are Mining Revenues Plummeting Amid a Crypto Surge?
Kyrgyzstan imposes a 10% tax on the electricity used by cryptocurrency miners, inclusive of value-added and sales taxes. The country is considered an attractive location for such operations due to its …
Public budget revenues of Kyrgyzstan pass 400 billion soms
Public budget revenues amounted to 415 billion soms in January-November 2024, according to the Ministry of Finance …
Kyrgyzstan ratifies grant agreement with the EDB for schools’ construction
BISHKEK, Kyrgyzstan, December 25. The President of Kyrgyzstan, Sadyr Zhaparov, has signed a law ratifying the grant agreement between Kyrgyzstan and the Eurasian Development Bank (EDB), Trend reports …
Kyrgyzstan to construct two substations near Chinese border to provide electricity exports
BISHKEK. Dec 23 (Interfax) – Kyrgyzstan has begun preparatory operations to construct the Tamga-Karakol and Kemin-Torugart substations near the border with China that will ensure exporting electricity …
Kyrgyzstan’s President issues directives to develop support measures for small and medium-sized businesses
BISHKEK, Kyrgyzstan, December 20. Kyrgyz President Sadyr Zhaparov has instructed the Ministry of Economy and Commerce to develop special measures to support small and medium-sized businesses, the …
Adylbek Kasymaliev appointed new chief of Kyrgyzstan’s cabinet ministers, predecessor dismissed amid tax corruption scandal
he was finance minister between 2015 and 2018. December 18 also saw the head of Kyrgyzstan’s state security services, Kamchybek Tashiyev, share details of the alleged corruption scheme, which, he …
OSCE Envoy Ends Kyrgyzstan Visit with Virtual Assets Course
On 17 and 18 December, the Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA) conducted an introductory workshop in …
EDB reveals cost of PPP digital transformation project in Kyrgyzstan (Exclusive)
BAKU, Azerbaijan, December 15. The Eurasian Development Bank (EDB) is developing a technical assistance project, “Digital Transformation of Public-Private Partnership (PPP) Project Management …