Kazakhstan allows banks to serve digital currency exchanges
The country’s pilot project seeks to make digital currency investment mainstream to attract investment from the global community as well as enhance protection for its local investors.
Latest Kazakhstan News
Kazakhstan block reward miners face new energy costs in 2022
President of the Republic of Kazakhstan Kassym-Jomart Tokayev signed the law that will introduce a new tax levy on block reward mining companies operating in the country.
Plummeting hash rate: The good and bad news
Although the drop in hash rate will have a negative consequence on the digital currency markets in the short term, there are a few positive externalities that will come out of China’s ban on Bitcoin mining.
Bitmain suspends new miner orders as supply booms
In freezing the sales, Bitmain says it is attempting to prevent customers from incurring losses on new machines, as well as protecting themselves from sustaining more significant losses.
Kazakhstan working on a digital currency roadmap
Kazakhstan is working on implementing enabling regulations for the industry at a time when block reward mining in the country has soared.
Kazakhstan proposes 15% tax on block reward mining
With the coronavirus pandemic weighing heavily on the government’s hand, the tax will assist Kazakhstan in its recovery efforts.
Kazakhstan ramps up block reward mining venture as central bank preps CBDC
The country’s block reward mining efforts have thus far attracted investment of 82.6 million Tenge, approximately $20 million.
Kazakhstan turns to digital currency for $740M investment
The government is eyeing a further 300 billion tenges worth of investment to come over the next three years from the sector.
TAAL delays filing of annual financial statements announces intention to convert outstanding debt to equity and the suspension of operations in Kazakhstan
TAAL Distributed Information Technologies Inc. announces that it will delay filing its annual audited financial statements and management discussion and analysis for the year ended December 31, 2019 until on or about June 12, 2020.
Kazakhstan will only tax cryptos once they are sold for fiat
Kazakhstan will eliminate all taxes on cryptocurrency mining and will only tax cryptos once they are sold for fiat currencies.
Full power capacity restored after pre-winter maintenance at Squire Mining Operations
The black-outs were the result of the Company’s hosting provider’s power supplier undertaking a necessary upgrade in the substation transformer supplying power to the facility.
Bitfury to open data centers, other blockchain projects in Kazakhstan
The Nur-Sultan based Astana International Financial Centre (AIFC) will leverage expertise from Bitfury in developing new applications for blockchain.