Kazakhstan's Minister of Economy, Alibek Kuantyrov, explained that the government is working on a new tax regime that aims to increase taxes on activities related to cryptocurrency mining. As well as "its intention to link the new rate to the value of the minted cryptocurrency”, as a measure to…
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Kazakhstan
Kazakhstan forced to halt bitcoin mining
Kazakhstan, which is second on the list of bitcoin miners worldwide, has recently been experiencing problems with this activity due to protests against the government.
Specifically, a series of local demonstrations have forced the…
Big crypto companies leave China
Large cryptocurrency companies began their withdrawal from China "from where around 60 % of bitcoin was extracted until June", due in the first place, to the forceful regulations imposed by the country on the digital asset market and…
Kazakhstan to apply new tax to crypto miners in 2022
Kazakhstan's President Kassym-Jomart Tokayev, recently signed a regulatory framework for cryptocurrency miners, which will impose an additional tax for the use of electricity.
According to the new law, these new rates would take effect…
Commerzbank will close subsidiaries in Venezuela and Barcelona
Germany's second private commercial bank, Commerzbank, plans to close its branches in Barcelona (Spain) and Venezuela, and also sell its subsidiaries in Brazil and Hungary.
The measure is due to the results released by the entity in 2020…
Kazakhstan hopes to generate USD 738 million for its crypto industry
The Republic of Kazakhstan continues to develop proposals for the blockchain industry, particularly in digital currency mining, and it is hoped that in the future this will be an ideal point for investors who wish to develop cryptocurrency…
Economic tensions with the US trigger the purchase of gold in Russia and China
According to the figures released by the World Gold Council (WGC), in the first quarter of the year the world's central banks were quoting 374.1 tons of this metal, with 93% more compared to last year, which is reflected as the largest…
Russian police catch responsible for crypto scam
Authorities in the Russian Ministry of the Interior (MOI) issued a statement on the arrest of the alleged anonymous person responsible for a cryptocurrency scam in Kasajstán.
The detainee is accused of committing fraud against a group of…
OPEC to stabilize prices in the first quarter of 2019
During the recent OPEC Summit, held in Vienna on December 6 and 7, a majority agreement was reached to reduce the production quota for the beginning of 2019.
In this regard, the Minister of Energy of Kazakhstan, Kanat Bozumbayev, said on…