Kazakhstan Expands Crypto Mining Framework, Setting Up $PEPENODE
Quick Facts: 1️⃣ Kazakhstan is clarifying its crypto rules, creating a friendlier environment for regulated mining and digital-asset activity. 2️⃣Crypto assets can now circulate across Kazakhstan, no longer restricted to the Astana International Financial Center (AIFC). 3️⃣ PEPENODE introduces a hardware-free mine-to-earn structure that lets users access mining-style rewards through virtual nodes instead of rigs, […]
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Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their activities and help correct the forming public opinion that they are responsible for the country’s electricity deficit.
Crypto Mining in Kazakhstan Needs Additional Regulations, Lawmaker Says
New regulatory requirements and criteria for the crypto mining industry must be adopted to streamline its operations while developing a comprehensive ecosystem for digital assets. That’s according....
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 prominent businessmen and former government officials. Financial Watchdog Goes After Crypto Miners Across Kazakhstan The rapid expansion of crypto mining in Kazakhstan, since last year’s crackdown on the industry in China, has been blamed for persisting problems with electricity shortages and blackouts. The government has gone so far as to claim that illegal players in the sector are....
Leading bitcoin mining rig manufacturer Canaan will start mining BTC itself and is setting up new operations in Kazakhstan.
Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices have also provoked protests that could potentially affect the industry. Canaan Secures Mining Agreements With Companies in Kazakhstan China-rooted producer of coin minting equipment, Canaan, has announced it has entered into collaboration agreements with multiple crypto mining companies in....
BIT Mining, a cryptocurrency mining company that recently stated it will be expanding outside of China, aims to buy 2,500 Bitcoin miners for deployment in Kazakhstan. BIT Mining Goes To Kazakhstan BIT Mining announced on Wednesday that it had agreed to buy 2,500 Bitcoin (BTC) mining equipment for $6.6 million. The company has already installed […]