Kazakhstan Completes First Crypto Purchase With Local Currency, Eyes Regulati...
President Tokayev said Kazakhstan will give full legal recognition to digital assets if demand persists while they continue testing security concerns.The first purchase of cryptocurrency with Kazakhstan’s local currency has been finalized.The President of Kazakhstan says further demand could likely result in full legal recognition of digital assets. The country will continue running a pilot program through this year to test demand and security. Kazakhstan’s first cryptocurrency purchase with its local currency, the tenge, took place today as the country considers “full legal recognition”....
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Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets.
Investors in Kazakhstan Can Buy up to $1,000 in Crypto a Month Without Declaring Income
Kazakhstan has adopted limits for crypto purchases made by retail investors on the exchanges registered at the Astana International Financial Centre (AIFC), the local business news portal Capital reported, quoting....
A major bank in Kazakhstan has completed its first purchase of crypto for fiat and the president is ready to approve exchange activities. Kazakhstan is ready to legalize a mechanism for converting cryptocurrencies to cash if there is demand, said President Kassym-Jomart Tokayev, per local news agency Informburo on Sept. 28.Speaking at the international forum Digital Bridge 2022, Tokayev emphasized that Kazakhstan aims to become an international leader in the field of digital technology, cryptocurrency ecosystem and regulated mining. He noted that the government of Kazakhstan has drafted....
A new project in Kazakhstan aims to enable local crypto businesses to provide crypto investment services legally. The Kazakhstan government is reportedly planning to officially authorize local banking institutions to open bank accounts for cryptocurrency transactions.Several banks in Kazakhstan will soon be officially approved to service companies and businesses providing exposure to cryptocurrencies like Bitcoin (BTC), local news channel Khabar 24 reported Sunday.Citing executives from the Data Center Industry and Blockchain Association of Kazakhstan, the report notes that it is unclear....
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan Shenzhen-based Bit Mining Ltd. announced Wednesday it has secured a purchase agreement for the acquisition of 2,500 new bitcoin mining machines. The price tag of the deal is approximately $6.6 million, the crypto mining firm detailed in a....
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main reason for the measure, which was supposed to expire at the end of January.
Mining Facilities in Kazakhstan Still Shut Down
Data centers authorized to mint digital currencies in Kazakhstan will not be able to operate at least until next Monday, Feb. 7, after the country’s power distribution company extended previously introduced supply restrictions for another week.
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