Top Traders founder on digital mining tax in Kazakhstan

Top Traders group founder Timur Muslim commented on the introduction of  tax mining in Kazakhstan.
“We support the initiatives of the Kazakhstan Association of Blockchain Technologies, as they demonstrate the first real steps for the progress of the cryptocurrency market in the CIS.
Their main proposal is to bring mining farms out of the shadows, the share of which has grown in the global capacity pie by over 5%. This is a smart move to comply with transparent and democratic principles of doing business in the country. In addition, this is the first experience and example for the neighbors.

Cheap energy and its surplus in some CIS countries attract many foreign investors who are ready to go to mining "hotels". However, the presence of problems with private property in the country and other risks lead to the fact that investors postpone their projects.

By taking the mining industry out of the "gray zone" and really helping business in development, the state will benefit not only due to taxes of 1 tenge per kW, but also due to indirect inflows of foreign investment into the country.

Many major players from the United States, Europe, South Korea and China want to develop more than 1000 megawatts of capacity, which are promising projects waiting for government approval. Therefore, it is very important to be first in the CIS. 

Top Traders group is a group of crypto companies on the market since 2017.
At the moment, it works in the main areas:
the largest ru-community of crypto-traders,
an analytical platform for the market,
venture investment,
a network of exchangers in the CIS,
a trading and investment school,
advising and project development.