The Country that Paved the Way for Bitcoin Revealed How Much Profit It Made This Year! - Coin Bulletin

Kyrgyzstan announced how much contribution crypto mining made to the country's economy.

The Kyrgyzstan government has released the 2024 budget document, revealing the contribution of crypto mining tax to the country's economy. According to the announcement, the revenue from this tax amounted to approximately $535,000.

In Kyrgyzstan, the tax rate on cryptocurrency mining activities is applied at 10% on the electricity bill. This tax model allows for direct income generation from the cryptocurrency mining sector, aiming to contribute to the country's economic growth.

Experts stated that new generation sectors such as cryptocurrency mining can benefit national economies with efficient use of energy resources. It is expected that Kyrgyzstan will continue its policies to increase its revenues in this field.

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