Kazakhstan Archives

Kazakhstan’s Senate proposes revisions to digital asset mining bill

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5 February, 2023

Kazakhstan’s Senate proposes revisions to digital asset mining bill

Revisions on the proposed virtual currency mining bill include the specification of the sub-types of permits available to miners and...

Kazakhstan’s miners face stiffer regulations following new bill

Tech

Wahid Pessarlay

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26 December, 2022

Kazakhstan’s miners face stiffer regulations following new bill

The incoming legislation will require miners to buy electricity from the state-owned KOREM, which miners believe could impose unnecessary bureaucracies.

Kazakhstan sees potential in CBDCs, eyes phased rollout until 2025

Business

Wahid Pessarlay

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24 December, 2022

Kazakhstan sees potential in CBDCs, eyes phased rollout until 2025

The National Bank of Kazakhstan disclosed rounding up the second testing phase in developing the digital tenge, and it may...

Kazakhstan parliament to introduce block reward mining regulations

Tech

Wahid Pessarlay

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13 December, 2022

Kazakhstan parliament to introduce block reward mining regulations

The bill has been touted to offer several changes to the mining industry that has operated without any concrete legal...

Digital Tenge on BNB Chain? Are you kidding me?

Editorial

Gavin Lucas

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2 November, 2022

Digital Tenge on BNB Chain? Are you kidding me?

Changpeng Zhao tweeted that his team had persuaded Berik Sholpankulov, the First Deputy of the Governor of the National Bank...

Kazakhstan legislature approves 5 bills governing digital assets

Business

Wahid Pessarlay

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17 October, 2022

Kazakhstan legislature approves 5 bills governing digital assets

Kazakhstan is ramping up its digital asset monitoring powers with the introduction of new bills as miners flock to the...

Kazakhstan: Police arrest gang forcing IT specialists to operate block reward mining farms

Tech

Wahid Pessarlay

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11 August, 2022

Kazakhstan: Police arrest gang forcing IT specialists to operate block reward mining farms

The MIA's investigations found that the gang had been forcing an IT specialist to run its illegal block reward mining...

Kazakhstan now lets registered digital currency exchanges open bank accounts

Business

Wahid Pessarlay

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22 June, 2022

Kazakhstan now lets registered digital currency exchanges open bank accounts

The ministry stated that exchanges that will be eligible to join the pilot project are those registered in the country's...

National Bank of Kazakhstan isn’t ignoring the digital currency market, chairman says

Business

Wahid Pessarlay

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11 June, 2022

National Bank of Kazakhstan isn’t ignoring the digital currency market, chairman says

Galymzhan Pirmatov notes that the institution is carefully studying the digital currency market and is set to unveil some of...

Kazakhstan wants status reports, full disclosures from block reward miners

Tech

Wahid Pessarlay

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7 May, 2022

Kazakhstan wants status reports, full disclosures from block reward miners

According to a recently published ministerial order, all miners will have to submit their business registration data, along with information...

Kazakhstan shuts down over 100 illegal BTC miners in latest crackdown

Tech

Steve Kaaru

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20 March, 2022

Kazakhstan shuts down over 100 illegal BTC miners in latest crackdown

Kazakh authorities announced that about half the illicit miners voluntarily chose to shut down in adherence to government directives, with...

Kazakhstan shuts down 13 illegal mining farms as energy shortage bites

Tech

Steve Kaaru

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25 February, 2022

Kazakhstan shuts down 13 illegal mining farms as energy shortage bites

The Ministry of Energy cracked down on the 13 illegal mining farms, which it claimed had been using a lot...

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