Kazakhstan blocked 980 unlicensed crypto exchanges in 2023
The Financial Monitoring Agency has also launched nine investigations into “illegal exchange operations” and money laundering.
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Kazakhstan Unveils Digital Tenge in Limited Pilot Mode With First-Ever Retail Transaction
Kazakhstan officially introduced its central bank digital currency (CBDC), the digital tenge, on November 15th, operating within a “limited environment with real users.” The National Bank of Kazakhstan initiated the…
Kazakhstan officially launches digital tenge
The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency.
Kazakhstan’s authorities confirm they blocked access to Coinbase: Report
The authorities cited the Law on Digital Assets, enacted in February 2023, that forbids the issuance and trading of digital currencies and the crypto exchange operation without a national license,…
Kazakh crypto miners plead with president to cut energy prices
Eight major cryptocurrency mining operators signed an open letter to the President of Kazakhstan, Kassym-Jomart Tokayev.
Kazakhstan establishes regulatory agency to implement CBDC
The National Payment Corporation will be responsible for the development of “digital financial infrastructure,” including the implementation of the digital tenge.
Bybit gets pre-approval in Kazakhstan as crypto custody service provider
The cryptocurrency exchange received “in-principle” approval to operate in Kazakhstan at the Astana International Financial Centre.
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe.…
Kazakhstan collected $7M in crypto mining taxes in 2022
Crypto miners paid millions of dollars in energy fees last year following the regulation of the fiscal burden of mining activities.
Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports
Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the…