More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan

More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan

Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their activities and help correct the forming public... Read more »
Kazakhstan could turn to nuclear power to keep its Bitcoin mining industry running

Kazakhstan could turn to nuclear power to keep its Bitcoin mining industry running

As per Nikkei Asia, Kazakhstan’s president Kassym-Jomart Tokayev has suggested building a nuclear plant to sustain Bitcoin mining in a bid to support the profitable crypto mining activities in the nation  “Looking... Read more »
Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring

Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring

The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers... Read more »
Kazakhstan Imposes Purchase Limits on Retail Crypto Investors

Kazakhstan Imposes Purchase Limits on Retail Crypto Investors

Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to... Read more »
Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power... Read more »
Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners

Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners

State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit... Read more »
Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years

Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years

A report from the Data Center Industry & Blockchain Association of Kazakhstan, or NABDC, estimates that cryptocurrency mining could bring $1.5 billion in revenue for the country over the next five years.... Read more »
Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest

Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest

Crypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected... Read more »
Single Mining Farm Requirements as Much Power as 24,000 Residences, Kazakhstan Price Quotes

Single Mining Farm Requirements as Much Power as 24,000 Residences, Kazakhstan Price Quotes

Authorities in Kazakhstan have actually determined the energy utilized in the nation’s crypto mining market which contends for electrical power with other sectors of the economy and families. The federal government has... Read more »
Legislators in Kazakhstan Propose Registration for Crypto Farms, Greater Electrical Energy Rate for Miners

Legislators in Kazakhstan Propose Registration for Crypto Farms, Greater Electrical Energy Rate for Miners

Members of the parliament in Kazakhstan have actually proposed the facility of a state register for cryptocurrency farms running in the nation. Alarmed by the growing intake of energy in the sector,... Read more »