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

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

Home » Business » Kazakhstan limits retail digital currency investment to 10% of annual income One of the world’s biggest block reward mining hubs is limiting how much money investors can allocate to digital currencies. Kazakhstan will only allow its citizens to invest 10% of their annual income in digital assets and get more stringent…

Kazakhstan expects at the very least $1.5B in economic activity from crypto mining within 5 years
expects Kazakhstan

Kazakhstan expects at the very least $1.5B in economic activity from crypto mining within 5 years

Kazakhstan currently ranks No. 2 in the world in terms of Bitcoin mining hash rate…

Kazakhstan to limit miners to 100MW as power shortages bite
Kazakhstan limit

Kazakhstan to limit miners to 100MW as power shortages bite

Kazakhstan is seeking to limit the power usage by block reward miners as electricity shortages continue to bite in most major cities. The country has proposed a 100MW total cap in power usage for the industry even as most miners claim that this would hardly serve their needs. Kazakhstan has become home to one of…

Kazakhstan allows banking institutions to serve digital foreign currency exchanges
allows Kazakhstan

Kazakhstan allows banking institutions to serve digital foreign currency exchanges

Digital currency companies, including exchanges, will now be able to open bank accounts and access all financial services in Kazakhstan. In a pilot project, the Asian country is seeking to make digital currency investment mainstream to attract investment from the global community as well as enhance protection for its local investors. Kazakhstan has attracted the…

Kazakhstan to introduce new power costs for crypto miners inside 2022
introduce Kazakhstan

Kazakhstan to introduce new power costs for crypto miners inside 2022

The new law introduces an additional tax levy for energy used by crypto miners starting from January 2022.