Kyrgyzstan’s Crypto Mining Tax Revenue Plummets 50% Due to Rising Energy Costs
Kyrgyzstan, once a magnet for crypto miners due to its cheap power, now faces a decline in mining tax revenue, which has tumbled by 50% to approximately $535,000 in 2024. This sharp downturn stems from soaring electricity costs and a dwindling mining sector, raising concerns about the nation’s energy policies and economic strategies. Kyrgyzstan’s crypto […]
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