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CATEGORY: mining industry

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 09, 2023 02:15

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in [...]

The post Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports appeared first on Crypto Breaking News.

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Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 06, 2023 05:50

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have [...]

The post Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector appeared first on Crypto Breaking News.

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