Kyrgyzstan closes around 2,500 illegal cryptocurrency mining facilities

  • Recently, the Kyrgyzstan government launched a crackdown and banned an illicitly operating crypto mining farm in the northern part of the country.
  • Recently, the State Committee for National Security busted a large illegal mining farm in the town of Druzhba, Issyk-Ata region. The officers confiscated 2,500 mining machines from here according to local media.
  • The legislation proposes a 15 percent tax levy on the cost of electricity consumed to mint digital currency. To defy such taxes illegal mining is taking place.
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