Kyrgyzstan has revealed how much crypto mining contributes to the country's economy.
The Kyrgyz government has published its 2024 budget document, revealing the contribution of the cryptocurrency mining tax to the country’s economy. According to the statement, the revenue from this tax was recorded as approximately $535,000.
In Kyrgyzstan, the tax rate for crypto mining activities is 10% on the electricity bill. This tax model is used to generate direct income from the crypto mining industry and contribute to the country’s economic growth.
Experts stated that new generation sectors such as cryptocurrency mining can benefit national economies through the efficient use of energy resources. Kyrgyzstan is expected to continue its policies to increase its income in this area.
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