The lower house of Kazakhstan's parliament passed the mining licensing bill on first reading, requiring miners to create legal entities to become formal tax subjects

According to Russia’s Tass news agency, Kazakhstan plans to introduce legislation to regulate and regulate industry electricity consumption in the field of digital assets. The relevant digital asset industry bill and four related bills have been passed in the lower house of the Kazakhstan parliament. The proposed draft bill requires miners to be licensed in Kazakhstan, i.e. create a legal entity and become an official tax subject. In addition to the existing value-added tax on equipment imports and the collection of digital mining fees per kilowatt, it is proposed to levy corporate income tax and mining pool income tax on miners' remuneration.