Kazakhstan Archives

Kazakhstan wants to raise tax on block reward miners by 500%

Tech

Steve Kaaru

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15 February, 2022

Kazakhstan wants to raise tax on block reward miners by 500%

The proposal by the Minister of Finance will also see miners pay a monthly tax on their mining rigs, whether...

Georgia makes residents pledge holy oath vs digital currency mining

Business

Steve Kaaru

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25 January, 2022

Georgia makes residents pledge holy oath vs digital currency mining

As China leads a number of countries in legal measures against block reward mining, Georgia is turning to a different...

Deadly protests in Kazakhstan lead to 5-day Internet outage, BTC hash rate drops 13%

Tech

Steve Kaaru

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11 January, 2022

Deadly protests in Kazakhstan lead to 5-day Internet outage, BTC hash rate drops 13%

Kazakhstan has been experiencing its deadliest protests ever with over 160 dead, and BTC hash rate took a nosedive after...

Kazakhstan central bank reveals digital tenge pilot results

Business

David Abel

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24 December, 2021

Kazakhstan central bank reveals digital tenge pilot results

The National Bank of Kazakhstan plans to set up a retail digital currency on a distributed ledger technology, and is...

Kazakhstan completes CBDC prototype, but has yet to decide if there’s need for digital tenge

Business

Steve Kaaru

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16 December, 2021

Kazakhstan completes CBDC prototype, but has yet to decide if there’s need for digital tenge

The Kazakh central bank worked with local banks and international partners on the prototype, but it will decide on the...

Xive shuts down facility in South Kazakhstan due to electricity crisis

Tech

Jacob Rozen

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6 December, 2021

Xive shuts down facility in South Kazakhstan due to electricity crisis

Kazakhstan has been struggling with electricity shortage following the influx of block reward miners from China, forcing some miners to...

Block reward miners are eating up Kazakhstan’s electricity

Business

Jacob Rozen

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24 November, 2021

Block reward miners are eating up Kazakhstan’s electricity

The boom on block reward mining in Kazakhstan comes after the mass exodus of miners from China's crackdown, forcing the...

Kazakhstan gov’t will not restrict power to legal miners

Tech

Steve Kaaru

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13 November, 2021

Kazakhstan gov’t will not restrict power to legal miners

In a meeting with all stakeholders in the industry, the energy minister said that the government won’t interrupt power supply...

Kazakhstan passes new law to regulate digital currency firms

Business

Steve Kaaru

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11 November, 2021

Kazakhstan passes new law to regulate digital currency firms

The Kazakh Senate approved the law that now puts the digital currency sector under the Digital Development Ministry and requires...

Kazakhstan limits retail digital currency investment to 10% of annual income

Business

Steve Kaaru

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8 November, 2021

Kazakhstan limits retail digital currency investment to 10% of annual income

The Kazakhstan financial regulator is seeking to protect investors from completely losing their capital in the volatile digital currency market,...

Kazakhstan to limit miners to 100MW as power shortages bite

Tech

Steve Kaaru

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27 October, 2021

Kazakhstan to limit miners to 100MW as power shortages bite

Kazakhstan has seen a spike in block reward mining activities over the past year, which the government sees as the...

US overtakes China in terms of digital currency hash power

Tech

Patrick Thompson

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25 October, 2021

US overtakes China in terms of digital currency hash power

According to Cambridge Centre for Alternative Finance’s BTC mining map, US overtook China as the country with the majority of...

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