Kazakhstan earned $7M in taxes from digital asset miners
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.
Latest Kazakhstan News
Kazakhstan’s new laws limit BTC miners’ energy use, forces them to sell 75% of mined assets
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.
Kazakhstan’s Senate proposes revisions to digital asset mining bill
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.
Kazakhstan’s miners face stiffer regulations following new bill
The incoming legislation will require miners to buy electricity from the state-owned KOREM, which miners believe could impose unnecessary bureaucracies.
Kazakhstan sees potential in CBDCs, eyes phased rollout until 2025
The National Bank of Kazakhstan disclosed rounding up the second testing phase in developing the digital tenge, and it may adopt a phased approach to launch the CBDC from 2023 through 2025.
Kazakhstan parliament to introduce block reward mining regulations
The bill has been touted to offer several changes to the mining industry that has operated without any concrete legal framework in the country.
Digital Tenge on BNB Chain? Are you kidding me?
Changpeng Zhao tweeted that his team had persuaded Berik Sholpankulov, the First Deputy of the Governor of the National Bank of Kazakhstan, to test integrating the Digital Tenge with the BNB chain.
Kazakhstan legislature approves 5 bills governing digital assets
Kazakhstan is ramping up its digital asset monitoring powers with the introduction of new bills as miners flock to the country to utilize its raw materials following crackdowns from mainland China.
Kazakhstan: Police arrest gang forcing IT specialists to operate block reward mining farms
The MIA's investigations found that the gang had been forcing an IT specialist to run its illegal block reward mining farm, which earned them an estimated $300,000 to $500,000 monthly.
Kazakhstan now lets registered digital currency exchanges open bank accounts
The ministry stated that exchanges that will be eligible to join the pilot project are those registered in the country's special economic zone—the Astana International Financial Center.
National Bank of Kazakhstan isn’t ignoring the digital currency market, chairman says
Galymzhan Pirmatov notes that the institution is carefully studying the digital currency market and is set to unveil some of its plans before 2022 ends.
Kazakhstan wants status reports, full disclosures from block reward miners
According to a recently published ministerial order, all miners will have to submit their business registration data, along with information about all their employees who must be legal residents of Kazakhstan.