Kazakhstan has identified and shut down ABS Change, a platform that was illegally trading cryptocurrencies. Three Kazakhstani citizens have been charged with running the exchange, which has been opera...
Tag: Kazakhstan
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance – Exchanges Bitcoin News
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of ...
Kazakhstan is Taking Steps to Curtail Illegal Mining Operations
Kazakhstan government tightens regulations for crypto miners. Crypto firms with their mining infrastructure come under the first category. As the cryptocurrency boom expanded at the start of 2023, gia...
Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes
Kazakhstan, one of the world’s biggest Bitcoin (BTC) mining hubs, announced plans to introduce new crypto regulations to reduce tax fraud and unlawful business operations. A new law signed by Kazakh P...
Kazakhstan plans to reduce tax fraud and unlawful business operations
Kazakhstan, which is one of the main centres for Bitcoin (BTC) mining in the world, has revealed intentions to establish new crypto legislation in order to cut down on tax fraud and illegal business a...
Kazakhstan Gets Tough On Bitcoin Mining Again
Join Our Telegram channel to stay up to date on breaking news coverage The world’s second-largest Bitcoin mining country, Kazakhstan, has tightened the reins on Bitcoin mining by releasing new regulat...
Miners in Kazakhstan Need To Sell 75% of Revenue Via Official Exchanges
9 seconds ago | 2 mins read Bitcoin News Starting on April 1, 2023, the new legislation will be fully implemented. Miners need to sell at least 75% of their earnings to official crypto trading platfor...
Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force – Mining Bitcoin News
A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensi...
Kazakhstan begins consultation on crypto trading laws – Cryptopolitan
Kazakhstan’s financial regulator has announced that it will commence a public consultation period for the new law regarding trading crypto in the country. According to the report, the financial author...
National Bank of Kazakhstan (NBK) Starts Digital Tenge Pilot Project
2 hours ago | 2 mins read Altcoin News The report was introduced by NBK Deputy Governor Berik Sholpankupov. The completion date of the project is slated for 2025. According to a report released by the...
Kazakhstan digital currency advances with Binance support
According to a report, Kazakhstan’s digital currency project is making progress as it moves into the pilot phase with the support of Binance and the National Bank of Kazakhstan. According to a joint r...
Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading – Regulation Bitcoin News
Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the cryp...
Binance, Kazakhstan agree on ‘wait-and-see’ approach in regulating DeFi
Adopting a wait-and-see approach is the best way to regulate the DeFi space, according to a report by Binance and the National Bank of Kazakhstan. While waiting to see how the market would develop, th...
Kazakhstan Leads Innovation, Proposes Amendments To Crypto Trading Framework
Kazakhstan, an oil-rich nation in Central Asia, surpassed Russia in February 2021 and has since maintained its position as the third-largest contributor to Bitcoin BTC mining. Kazakhstan made up 13.22...
Kazakhstan Seeks to Improve Cryptocurrency Trading Framework
Kazakhstan, which is home to one of the most significant Bitcoin (BTC) mining operations in the world, has released a consultation paper in an effort to gauge the level of interest shown by the genera...
Here’s how Kazakhstan aims to enhance its legacy crypto trading framework
Kazakhstan, one of the world’s biggest Bitcoin (BTC) mining destinations, issued a consultation paper to gauge public interest in proposed amendments to improve the cryptocurrency trading framework. T...
Kazakhstan Receives Parliament Nod For Adopting Crypto Legislation
12 hours ago | 2 mins read Bitcoin News Until a new Mazhilis is chosen, the Senate holds all legislative rights. Tokayev has not yet signed the bill or any of the other essential adjustments. A law to...
Kazakhstan Adopts Law Regulating Crypto Mining and Exchange
Lawmakers in Kazakhstan’s capital city, Nur Sultan, have approved the final iteration of the law “On Digital Assets in the Republic of Kazakhstan.” Kazakhstan has been making strides in crypto, espe...
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange – Regulation Bitcoin News
Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of c...
Several Crypto Exchange Websites Taken Down in Kazakhstan – Exchanges Bitcoin News
Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized...
Kazakhstan Crypto Miners Now Subject To Higher Electricity Charges
Bitcoin News The rate varies according to the cost and availability of the electricity needed to mine. Crypto farms that use renewable energy will likewise be awarded the lowest tariff. Cryptocurrency...
A Boost For Kazakhstan’s Investment Climate
Members of a local electoral commission count ballots at a polling station after Kazakhstan’s … [+] presidential elections in Astana on November 20, 2022. – Kazakhs voted in presiden...
Binance and Kazakhstan Launch Blockchain Education Program
Binance has partnered with Kazakhstan state organisations to launch a country-wide blockchain education program. Crypto exchange Binance this week announced an initiative to qualify university student...
Kazakhstan and the ECB: crypto news for the CBDCs
All the latest crypto news concerning CBDCs: Central Bank Digital Currencies, digital currencies issued by a central bank instead of a commercial bank. Apparently, there are two opposing sides. On on...
Binance Launches Blockchain Education Program in Kazakhstan – Blockchain Bitcoin News
Cryptocurrency exchange Binance is behind an initiative to qualify university students in Kazakhstan to work in the industry. Under an agreement with the government, the blockchain course will be adde...
Binance to Launch Blockchain Education Program Across Kazakhstan
Binance joins with Kazakhstan’s official state organizations to implement a blockchain education program. The exchange will provide blockchain education to 40,000 people by 2026. Binance, the world’s ...
Kazakhstan Tightens Regulation for Miners, Looks to Develop Broader Crypto Industry
It didn’t take long before Kazakhstan’s electrical grid, much of it a legacy of Soviet times, started crumbling under the new load. On top of the miners’ demand, technical failures in interconnection ...
Kazakhstan Plans Phased Rollout of CBDC between 2023-25
The Central Bank of Kazakhstan announced that it will work on deploying its in-house central bank digital currency (CBDC) available as early as 2023 and will expand on the project until the end of 202...
Kazakhstan to Press on With CBDC Development till 2025
The bank said it has completed some phases of the trial, including refinement of the prototype and introduction for a limited number of participants. For the next two years, the country “will de...
Kazakhstan central bank suggests a two years stepwise CBDC launch
The National Bank of Kazakhstan, which serves as Kazakhstan’s central bank, has suggested that the in-house CBDC be made accessible as early as 2023, with a progressive development of functionality an...
Central Bank of Kazakhstan Completes Second Phase CBDC Trial
8 seconds ago | 2 mins read Altcoin News A prototype was created between July and December of 2021. January 2023, the rollout of the digital national currency will proceed in the final phase. Official...