Kyrgyzstan’s Ministry of Economy formulates a draft resolution on the taxation of crypto mining

According to local media, the Kyrgyz Ministry of Economy has formulated a draft resolution on the taxation of cryptocurrency mining and is currently seeking public opinions. The draft proposes to levy taxes on cryptocurrency mining and require approval of mining tax report forms and related procedures. The Ministry of Economy pointed out that the draft decree aims to develop the national economy and increase national budget revenue. Previously, the Tax Code of the Kyrgyz Republic supplemented Chapter 61, which provided for a taxation system for cryptocurrency mining.