Kyrgyzstan cryptocurrency mining tax collection falls 50% YoY in 2024
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 27 2024Kyrgyzstan's Cryptocurrency Mining Tax Decline: Kyrgyzstan's economy has seen a significant drop in cryptocurrency mining tax revenue, contributing only $535,000 in 2024, which is over 50% less than the previous year's $1 million, despite high crypto valuations.
Bitcoin Mining and Renewable Energy: Bitcoin mining is being explored as a method to stabilize energy grids using surplus renewable energy, with Deutsche Telekom initiating a pilot project in Germany to test this concept, highlighting potential benefits beyond economic gains.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
