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Kyrgyzstan Cuts Off Power to 45 Crypto Miners for Overconsumption

News Authorities of Kyrgyzstan cut off power to 45 crypto mining firms as they consumed more energy than three local regions combined. Following the power cut, the head of the National Energy Holding Aitmamat Nazarov stated that the cryptocurrency mining is not defined under Kyrgyzstan law, local ..

Kyrgyzstan Proposes Draft Law to Introduce Crypto Mining Taxation

News On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law “On Amending the Tax Code” with the aim of introducing cryptocurrency mining taxation. New tax proposalAccording to news outlet Kabar, the draft law was specifically developed to allow for the possible taxation of c..