#kazakhstan

The National Bank of Kazakhstan to introduce innovations from the DeFi sector

So far, the Central Bank has no plans to legalize digital assets, yet the regulator is interested in using innovations from the DeFi sphere.

Binance assists Kazakhstan in regulating cryptocurrencies

Cryptocurrency exchange Binance plans to collaborate with the Ministry of Digital Development of Kazakhstan to regulate and integrate cryptocurrencies into the financial system.

Kazakhstan wants to raise taxes for miners by 500%

Why is it so important?

• The introduction of new taxes may reduce the profitability of miners in Kazakhstan
• This may lead to migration of miners to the U.S., Russia, and other countries

Bitcoin mining drops following protests in Kazakhstan

Why is it so important? 

The drop in Bitcoin production levels could affect the value of the digital coin

Kazakhstan fails against an influx of Chinese miners

After China banned mining, all mining companies moved their farms to more loyal jurisdictions. The main migration occurred to such countries as the U.S., Canada, and Kazakhstan. Many miners considered Kazakhstan as the best option due to its proximity to China and cheap electricity.