Block reward mining: $20M facility gets green light in Kyrgyzstan
Kyrgyzstan's president reportedly said the block reward mining farm could help the country cut down on wastage of unutilized power which, over the past 13 years, hit $37 million.
Kyrgyzstan's president reportedly said the block reward mining farm could help the country cut down on wastage of unutilized power which, over the past 13 years, hit $37 million.
The MP told parliament that “nothing is growing as fast as cryptocurrency” and the government must regulate them to make Kyrgyzstan a regional Bitcoin hub.
Kyrgyzstan’s government developed draft regulations for police exchanges, with the ministry claiming this would foster innovation and growth of a digital economy.
Kyrgyzstan wants to formally regulate its digital currency industry, starting off with a licensing regime for exchanges.
The central bank of Kyrgyzstan has begun the process of consultation on new draft laws that would regulate the emerging digital currency sector for the first time.
The country’s central bank has proposed the drafting of regulations for the industry which could finally give legal recognition to digital currencies.
After once banning cryptocurrency, Kyrgyzstan has change its stance drastically once they discovered that taxing it would be more profitable.
Schools in Kyrgyzstan will soon gain access to the internet all thanks to blockchain technology, thanks to UNICEF and the the government of Kyrgyzstan.