Kazakhstan has become the major mining hotspot, after China cracked down on its crypto mining industry last spring. To deal with this issue of a growing power deficit, the government has planned to in...
Tag: Kazakhstan
Binance And Kazakhstan Ink MOU On Crypto, Blockchain Regulation
Binance will aid the Kazakhstani government in its measures to regulate the country’s cryptocurrency market. The biggest cryptocurrency exchange by trading volume, Binance will provide assistance in i...
Binance to Advise Kazakhstan on Crypto Regulations – Regulation Bitcoin News
Cryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country’s crypto space. The global coin trading platform will also help with the integration of the ...
Binance to Advise Kazakhstan on Crypto Regulations – Coinotizia
Cryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country’s crypto space. The global coin trading platform will also help with the integration of the ...
Kazakhstan imposes strict energy consumption reporting requirements on crypto miners
Kazakhstan has imposed new reporting requirements that seek to determine the energy consumption rate by crypto miners. The order requires every crypto-miner in the country to provide detailed informat...
Kazakhstan Amends Registration Rules for Cryptocurrency Miners – Mining Bitcoin News
The government of Kazakhstan has revised the registration requirements for persons and companies involved in crypto mining. The updated regulations come amid an ongoing clampdown on the industry in th...
Kazakhstan unveils new requirements for miners 1
Kazakhstan has sounded out a new requirement that will see crypto miners report their activities before kickstarting their mining activities. According to a report, the government has been keeping a k...
Kazakhstan ramps up power consumption reporting requirements for crypto miners
The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry’s energy usage affects the local power grid. The orde...
Neighbors In Crisis, Uzbekistan Shifts Focus To Investment
President of Uzbekistan Shavkat Mirziyoyev, center, takes a tour of the Capitol Rotunda with Rep. … [+] Trent Kelly, right, on May 17, 2018. (Photo By Tom Williams/CQ Roll Call) CQ-Roll Call, In...
Sanctions could hurt Russia’s multibillion-dollar crypto industry
Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country...
Exmo Trading Platform Stops Services in Russia, Belarus & Kazakhstan
Cryptocurrency trading platform Exmo has announced it will stop serving traders and customers from Russia, Belarus, and Kazakhstan. The move comes following the Russian invasion of Ukraine which has l...
Kazakhstan preparing to raise tax on cryptocurrency miners
Kazakhstan’s government is preparing to raise the tax burden on cryptocurrency miners, with the new rate tied to the value of the created cryptocurrency. The authorities in Nur-Sultan feel...
Kazakhstan to implement a new tax system for Bitcoin miners
TL;DR Breakdown Kazakhstan`s Minister of National Economy reveals that the government is presently developing a new mining tax system. The newly imposed taxations could trickle down to crypto-miners m...
Taxes and levy on crypto price and miners in Kazakhstan soon
Crypto miners will have to pay higher taxes as per the public authority of Kazakhstan The planning to build the taxation rate had been going on for quite some time now The experts in Nur-Sultan acce...
Bitcoin Price Could Be Linked To Mining Taxes In Kazakhstan
According to a report from a local news media, the Minister of National Economy for Kazakhstan Alibek Kuantyrov wants to bound Bitcoin mining tax to the price of the underlying asset. In that way, the...
Kazakhstan to Introduce New Tax Regime for Bitcoin Miners
The government of Kazakhstan is currently working on increasing the taxes on cryptocurrency mining, while expressing its intent to tie the new rate to the value of the minted cryptocurrency. In a rece...
Kazakhstan Bitcoin miners could be subject to increased taxes
After China banned Bitcoin mining activities, Kazakhstan became the ideal location for migrating miners. However, the regulatory environment in the country is changing, and it could discourage more mi...
Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits – Mining Bitcoin News
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms regi...
Kazakhstan police continues to shut crypto mining operations
Crypto mining operations is one of the most profitable businesses that has attracted many. However, due to crackdowns on the industry many of the miners have to relocate themselves. After the Chinese ...
Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining – Mining Bitcoin News
Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the lat...
Why does unrest upend the Kazakhstan Bitcoin mining industry?
Bitcoin mining industry has been facing several hits due to its environmental impacts. However, following the climatic conditions, many famous figures criticized the operations. So, many blockchains l...
106 illegal crypto mining firms shut down in Kazakhstan
Kazakhstan is cracking down on cryptocurrency mining firms in the country. The Kazakh government has announced shutting down 106 illegal crypto mining firms. These firms were operating without acquiri...
Kazakhstan Shuts Down 106 Crypto Mining Farms
The government of Kazakhstan identified 106 cryptocurrency mining farms that operate without the necessary licenses. The authorities halted 51 of them, while 55 ceased their operations voluntarily. Th...
Kazakhstan Shuts Down Over 100 Crypto Mining Farms – Mining Bitcoin News
More than 100 crypto farms in Kazakhstan have terminated operations as a result of ongoing inspections of the mining sector. Authorities have revealed that some of the facilities are linked to promine...
Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
The Financial Monitoring Agency of the Republic of Kazakhstan reported earlier on Tuesday that 55 illegal mining farms “voluntarily stopped their operation” due to an enforcement campaign by the regul...
Kazakhstan Clamps Down Crypto Mining Operations, Another Exodus Coming?
Kazakhstani authorities are clamping down crypto mining operations after the country witnessed an energy shortage up until early this year. In a release dated 15 March, the government authorities have...
Kazakhstan has confiscated nearly $200 million in mining equipment from unregistered miners
advertisement Kazakhstan’s push to rein in its local crypto industry has seen significant escalations. On March 15, Kazakhstan’s Financial Monitoring Agency reported on its overall work to...
Kazakhstan Crackdown On Illegal Mining Forces 106 Miners To Close Shop
The government of Kazakhstan has sanctioned 106 crypto mining farms for engaging in illicit crypto mining activities. Some ex-officials and Kazakhstan’s wealthiest businesses were found to be involved...