Kazakhstan-based firm explores blockchain for IP protection
Future NFT Technology Limited established its copyright protection platform in 2023 and, since then, received hundreds of copyright registrations in under 60 days.
Future NFT Technology Limited established its copyright protection platform in 2023 and, since then, received hundreds of copyright registrations in under 60 days.
The digital tenge pilot launched a month ago and, in that time, it has been used to make retail payments through debit cards and for cross-border transfers.
The National Payment Corporation of Kazakhstan has unveiled the CBDC, which it says integrates VISA and Mastercard, as well as Apple Pay and Samsung Pay.
Kazakhstan is prohibiting access to Coinbase due to violations of digital asset laws, citing specific provisions prohibiting unsecured assets and exchanges lacking required permits.
In a letter, eight BTC mining firms implored President Kassym-Jomart Kemeluly Tokayev to cut down on the energy taxes, which they say will push them to shut down by the end of the year.
Kazakhstan establishes NPC to develop digital tenge and enhance open banking, aiming to boost payment system efficiency and financial inclusivity.
The new beta test focuses on interlinking CBDCs to foster cross-border payments, while a second test with 30 banks tests trigger-based payments, foreign exchange models.
To unlock the benefits of blockchain, governments, businesses, and stakeholders must collaborate to address regulatory challenges, invest in infrastructure, and promote digital literacy.
The country started taxing miners in January 2022, and it has paid off, netting $7 million for Kazakhstan. The country is third after the U.S. and China in terms of hash rate.
The new law aims to reduce the impact of miners on the national grid, only allowing them to tap the grid when there’s a surplus or import their own energy.
Revisions on the proposed virtual currency mining bill include the specification of the sub-types of permits available to miners and removing norms tied to mining services advertisements.
The incoming legislation will require miners to buy electricity from the state-owned KOREM, which miners believe could impose unnecessary bureaucracies.