Kazakhstan offers tax breaks to repatriate crypto assets
Kazakhstan introduced a decree to encourage citizens to declare cryptocurrency holdings and move them onto licensed domestic platforms by offering a three-year personal income tax exemption for digital asset transactions, provided the assets are not linked to fraud, money laundering or unlicensed services. The plan also opens mining options by allowing associated gas from oil fields to generate electricity outside the main grid. Authorities cited about 1 million citizen crypto wallets versus 256,900 users on authorised exchanges, and officials said they will consider a simplified tax regime and cancel past tax audits to foster onshore participation.
Kazakhstan offers a three-year tax exemption for declared crypto transactions
Context
China banned bitcoin mining in 2021, and many miners moved abroad. Kazakhstan then saw…
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