Lao military says country’s crypto operators owe $20M in unpaid taxes By Cointelegraph

In an effort to boost state revenues, Laos appears to be turning its attention to the country’s crypto sector.

According to a Nov. 9 report by Chinese state news agency Xinhua News, citing a report from the Lao People’s Army News, cryptocurrency operators in the Southeast Asian country owe $20 million in taxes and licensing fees. Laos previously authorized 15 blockchain companies to mine crypto or operate as exchanges to expand government revenue streams.