Shenzhen TechFlow news, on December 27, Kyrgyzstan’s Ministry of Economy and Finance released the 2024 budget document showing that Kyrgyzstan’s cryptocurrency mining tax revenue in 2024 dropped by 50% year-on-year. Despite soaring cryptocurrency valuations, Kyrgyzstan’s cryptocurrency mining tax revenue has declined significantly, with tax contributions of only 46.6 million Kyrgyz som (approximately $535,000), far lower than the 93.7 million Kyrgyz som in 2023 (over 100 million U.S. dollars).