Kazakhstan – Page 4

Today in Crypto: Coinbase’s New Blockchain Testnet, Spotify’s Token-Enabled Playlists, 3AC’s NFT Sale, Metaco’s Partnership with DZ BANK AG

February 23, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Coinbase’s New Blockchain Testnet, Spotify’s Token-Enabled Playlists, 3AC’s NFT Sale, Metaco’s Partnership with DZ BANK AG Read more »Sign up for e-EUR – the progressive stablecoin

Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes

February 11, 2023

A new law signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6 reinstated the nation’s stand against the unlawful mining operations and issuance of crypto assets. Kazakhstan, one of the biggest Bitcoin (BTC) mining hubs in the world, announced plans to introduce new crypto regulations aimed at reducing tax fraud and unlawful business operations. A…
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Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force

February 11, 2023

A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different categories of licenses that companies will have to renew periodically. President Tokayev Sings Law Regulating Crypto Assets Mining and Exchange in…
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Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading

February 4, 2023

Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks to Amend Its Concept for Trading Digital Assets The Astana Financial Services Authority,…
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Today in Crypto: Bitcoin Suisse Joins Liquid Collective to Enable ETH Staking, METACO Partnered with DekaBank, Celsius ‘Abandoned Promise of Transparency from Start’

February 1, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bitcoin Suisse Joins Liquid Collective to Enable ETH Staking, METACO Partnered with DekaBank, Celsius ‘Abandoned Promise of Transparency from Start’ Read more »Sign up for e-EUR – the…
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Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange

January 30, 2023

Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a licensing regime for crypto miners and exchanges. Senate Votes on Crypto Law, Sends It to President of Kazakhstan…
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Several Crypto Exchange Websites Taken Down in Kazakhstan

January 26, 2023

Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After Unlicensed Crypto Exchange Services The Financial Monitoring Agency (FMA) of the Republic of Kazakhstan has dismantled…
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Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees

January 7, 2023

Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy. New Year Brings Higher Costs…
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Uzbekistan Unblocks Popular Russian Crypto Exchange Aggregator

November 4, 2022

The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator blocked a number of coin trading platforms, including Binance. Residents of Uzbekistan Can Again Use the Services of Bestchange.ru Uzbekistan’s National Agency of Perspective Projects…
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National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils

October 28, 2022

The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work in the country. Kazakhstan to Employ Binance Blockchain Infrastructure…
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Category: Kazakhstan