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Budget receives 10.4 million soms in taxes from cryptocurrency mining

Budget revenues from the payment of tax on cryptocurrency mining amounted to 10,414.8 million soms in July. Report of the Ministry of Finance of Kyrgyzstan on budget execution says.

In just seven months, the treasury was replenished from this tax by 44,198 million soms.

Payments began to grow actively from the second quarter of the year. In April — July, the budget received 37,540.6 million soms, or 85 percent of all payments.

At the same time, the largest amount of revenues was registered in June (10,544.3 million soms) and July (10,414.8 million soms). The lowest amount of tax on cryptocurrency mining was paid in February 2023 — 738,000 soms.

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