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 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.
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.
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.
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.
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.
Kazakh authorities announced that about half the illicit miners voluntarily chose to shut down in adherence to government directives, with the other half being forced to halt operations.
The Ministry of Energy cracked down on the 13 illegal mining farms, which it claimed had been using a lot of energy and vowed to continue to clamp down on other illicit miners.
The proposal by the Minister of Finance will also see miners pay a monthly tax on their mining rigs, whether they use them to mine or even if they’re not in operation.
As China leads a number of countries in legal measures against block reward mining, Georgia is turning to a different solution—a holy oath against mining.
Kazakhstan has been experiencing its deadliest protests ever with over 160 dead, and BTC hash rate took a nosedive after a five-day Internet outage.