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.
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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…
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have…
Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force
A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for…
Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes
A new law signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6 reinstated the nation’s stand against the unlawful mining operations and issuance of crypto assets.
Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading
Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market…