Kazakhstan
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⛏️🇰🇿 Kazakhstan & The Bitcoin Mining Boom (2021)
After China’s historic crypto mining ban in 2021 , thousands of miners had to shut down their operations overnight. Many of them packed up their machines and moved to… **Kazakhstan**.
👉 Kazakhstan quickly became the 2nd largest Bitcoin mining hub in the world, thanks to its cheap coal-powered electricity.
👉 At one point, it accounted for over 18% of Bitcoin’s global hashrate.
👉 But the mining rush also caused power shortages , blackouts, and pressure on the country’s energy grid.
By 2022, Kazakhstan introduced stricter rules and taxes on crypto miners, causing many to relocate again to the U.S. and other countries.
💡 Lesson: Bitcoin’s mining industry is like a global nomad — it always finds a new home where energy is cheap, but governments and communities also weigh the costs. 🌍⚡
👉 Do you think Bitcoin mining should stick to renewable energy, or is cheap power (even if not green) the only way to survive?
$BTC
#BitcoinMining #Kazakhstan #CryptoHistory #BTC #BinanceSquare
After China’s historic crypto mining ban in 2021 , thousands of miners had to shut down their operations overnight. Many of them packed up their machines and moved to… **Kazakhstan**.
👉 Kazakhstan quickly became the 2nd largest Bitcoin mining hub in the world, thanks to its cheap coal-powered electricity.
👉 At one point, it accounted for over 18% of Bitcoin’s global hashrate.
👉 But the mining rush also caused power shortages , blackouts, and pressure on the country’s energy grid.
By 2022, Kazakhstan introduced stricter rules and taxes on crypto miners, causing many to relocate again to the U.S. and other countries.
💡 Lesson: Bitcoin’s mining industry is like a global nomad — it always finds a new home where energy is cheap, but governments and communities also weigh the costs. 🌍⚡
👉 Do you think Bitcoin mining should stick to renewable energy, or is cheap power (even if not green) the only way to survive?
$BTC
#BitcoinMining #Kazakhstan #CryptoHistory #BTC #BinanceSquare
Kazakhstan Goes All-In on Crypto! 🚀
Kazakhstan is making HUGE moves to embrace crypto, and you won't believe what they're planning! President Tokayev just announced "CryptoCity," a pilot zone where you can actually use crypto to buy stuff – goods, services, the whole shebang. 🤯
Think paying for your morning coffee with Bitcoin or buying an apartment with Ethereum! They're eyeing Alatau, a tech hub already home to research centers and a special economic zone, as the prime location. Imagine the possibilities!
The goal? To attract developers, programmers, and IT wizards to Kazakhstan, boosting the local economy. They're talking crypto-friendly laws and legit means of payment. It seems like the future is here!
Kazakhstan's been making waves in the crypto world lately, even testing its own central bank digital currency. Could this be the start of a crypto revolution?
Keep up with the trends!
#CryptoCity #Kazakhstan #Blockchain #CryptoAdoption #DigitalCurrency
Kazakhstan is making HUGE moves to embrace crypto, and you won't believe what they're planning! President Tokayev just announced "CryptoCity," a pilot zone where you can actually use crypto to buy stuff – goods, services, the whole shebang. 🤯
Think paying for your morning coffee with Bitcoin or buying an apartment with Ethereum! They're eyeing Alatau, a tech hub already home to research centers and a special economic zone, as the prime location. Imagine the possibilities!
The goal? To attract developers, programmers, and IT wizards to Kazakhstan, boosting the local economy. They're talking crypto-friendly laws and legit means of payment. It seems like the future is here!
Kazakhstan's been making waves in the crypto world lately, even testing its own central bank digital currency. Could this be the start of a crypto revolution?
Keep up with the trends!
#CryptoCity #Kazakhstan #Blockchain #CryptoAdoption #DigitalCurrency
Kazakhstan could put his national reserves in crypto: the play that shakes Eurasia
📅 July 14, 2025 | Nur-Sultan, Kazakhstan
While the West is divided between regulations and prohibitions, a silent central Asian giant plans to take a step that could reconfigure the global cryptocurrency board. Today a report was leaked that shook The Block and put Wall Street analysts: the Kazakhstan government is studying to invest a part of its national reserves - valued at more than 50,000 million dollars - in Bitcoin and other cryptocurrencies. In a world that is increasingly afraid of inflation, sanctions and dependence on the dollar, this play would turn Kazakhstan into the first country in the region to use crypto as a strategic reserve asset. Are we facing the birth of a new El Salvador, but with oil, uranium and vast Blockchain mining centers?
Kazakhstan was already news in the crypto industry for being one of the favorite destinations of Miners of Bitcoin displaced from China after the prohibition of 2021. His vast fields, cheap energy and cold climate made him a magnet for large -scale mining farms. But nobody expected that this country of 19 million inhabitants, governed with a firm hand from the post-Soviet era, will now be raised crypto into part of its national financial shield.
The report, quoted by The Block, points out that the Kazakhstan National Bank is evaluating between 1% and 3% of its international reserves to Bitcoin, Ethereum and potentially regulated Stablecoins. The official motivation: diversify exposure to the dollar and the euro, shield against international sanctions and open a direct bridge to the global digital economy.
An anonymous source within the Ministry of Finance told The Block: "We do not want to stay behind if the next generation of reserves is not stored in gold, but in digital assets. It is a calculated risk play, but necessary not to depend only on commodities."
If specified, Kazakhstan would follow the route that El Salvador marked in 2021, although on a much larger scale. Unlike the Central American country, Kazakhstan has one of the world's largest uranium reserves, large exports of oil and gas, and a mining infrastructure that already houses about 8% of Bitcoin's global hashrate.
However, the risks are enormous: the volatility of Bitcoin, the pressure of the IMF and the multilateral banks, and the possibility of sanctions of the West if Kazakhstan is perceived to use crypto to overcome financial restrictions. The country also has a history of power cuts to miners when the electricity demand shoots in winter, which could complicate the stable crypto "crypto shelter."
At the local level, the news polarized politicians and businessmen. The most aligned sectors with the old guard prefer to continue investing in gold and traditional sovereign bonds. The youngest and technologists, on the other hand, see in this move the opportunity to make the country a digital asset hub for all Eurasia, attracting startups, exchanges and foreign capital.
The announcement is not yet official, but nearby sources say that a proposal draft will be presented to Parliament before September. If approved, Kazakhstan could buy his first BTC and ETH before closing the fiscal year.
International markets closely look at: an emerging country that puts part of their crypto reserves would validate Bitcoin as state reserve assets, something that until now only El Salvador has done symbolically and that some sovereign funds in the Middle East study discreetly.
Topic Opinion:
I can't stop applauding Kazakhstan's daring if this is completed. From the Chinese prohibition, we knew that Central Asia had potential to become a crypto lung. What we did not see was that they would take another step and put national reserves in Bitcoin and Ethereum. This could nerve great powers and organisms, but would also validate the blockchain as a geopolitical asset. Hopefully more countries understand that it is not just about undermining or specular, but about diversifying risks and opening doors to a more transparent and connected economy. As I always say: whoever understands before, wins first.
💬 Do you think Kazakhstan will dare to convert crypt into part of his official reserves? Could this inspire other countries rich in resources to do the same?
Leave your comment ...
#Kazakhstan #bitcoin #ethereum #blockchain #CryptoNews
While the West is divided between regulations and prohibitions, a silent central Asian giant plans to take a step that could reconfigure the global cryptocurrency board. Today a report was leaked that shook The Block and put Wall Street analysts: the Kazakhstan government is studying to invest a part of its national reserves - valued at more than 50,000 million dollars - in Bitcoin and other cryptocurrencies. In a world that is increasingly afraid of inflation, sanctions and dependence on the dollar, this play would turn Kazakhstan into the first country in the region to use crypto as a strategic reserve asset. Are we facing the birth of a new El Salvador, but with oil, uranium and vast Blockchain mining centers?
Kazakhstan was already news in the crypto industry for being one of the favorite destinations of Miners of Bitcoin displaced from China after the prohibition of 2021. His vast fields, cheap energy and cold climate made him a magnet for large -scale mining farms. But nobody expected that this country of 19 million inhabitants, governed with a firm hand from the post-Soviet era, will now be raised crypto into part of its national financial shield.
The report, quoted by The Block, points out that the Kazakhstan National Bank is evaluating between 1% and 3% of its international reserves to Bitcoin, Ethereum and potentially regulated Stablecoins. The official motivation: diversify exposure to the dollar and the euro, shield against international sanctions and open a direct bridge to the global digital economy.
An anonymous source within the Ministry of Finance told The Block: "We do not want to stay behind if the next generation of reserves is not stored in gold, but in digital assets. It is a calculated risk play, but necessary not to depend only on commodities."
If specified, Kazakhstan would follow the route that El Salvador marked in 2021, although on a much larger scale. Unlike the Central American country, Kazakhstan has one of the world's largest uranium reserves, large exports of oil and gas, and a mining infrastructure that already houses about 8% of Bitcoin's global hashrate.
However, the risks are enormous: the volatility of Bitcoin, the pressure of the IMF and the multilateral banks, and the possibility of sanctions of the West if Kazakhstan is perceived to use crypto to overcome financial restrictions. The country also has a history of power cuts to miners when the electricity demand shoots in winter, which could complicate the stable crypto "crypto shelter."
At the local level, the news polarized politicians and businessmen. The most aligned sectors with the old guard prefer to continue investing in gold and traditional sovereign bonds. The youngest and technologists, on the other hand, see in this move the opportunity to make the country a digital asset hub for all Eurasia, attracting startups, exchanges and foreign capital.
The announcement is not yet official, but nearby sources say that a proposal draft will be presented to Parliament before September. If approved, Kazakhstan could buy his first BTC and ETH before closing the fiscal year.
International markets closely look at: an emerging country that puts part of their crypto reserves would validate Bitcoin as state reserve assets, something that until now only El Salvador has done symbolically and that some sovereign funds in the Middle East study discreetly.
Topic Opinion:
I can't stop applauding Kazakhstan's daring if this is completed. From the Chinese prohibition, we knew that Central Asia had potential to become a crypto lung. What we did not see was that they would take another step and put national reserves in Bitcoin and Ethereum. This could nerve great powers and organisms, but would also validate the blockchain as a geopolitical asset. Hopefully more countries understand that it is not just about undermining or specular, but about diversifying risks and opening doors to a more transparent and connected economy. As I always say: whoever understands before, wins first.
💬 Do you think Kazakhstan will dare to convert crypt into part of his official reserves? Could this inspire other countries rich in resources to do the same?
Leave your comment ...
#Kazakhstan #bitcoin #ethereum #blockchain #CryptoNews
🇰🇿 Kazakhstan Eyes Bitcoin for National Funds
✅ Big move: Reports suggest Kazakhstan is considering adding Bitcoin to its national wealth fund investments.
If confirmed, this would make Kazakhstan one of the first countries to openly use BTC as part of its sovereign assets.
💡 Why it matters:
Adds to the global narrative of Bitcoin as a store of value.
Sovereign adoption signals growing trust beyond just private companies.
Could inspire other resource-rich nations to follow.
📈 First MicroStrategy… then Tesla… now countries?
💬 Do you think more nations will stack sats? Drop your prediction!
#Bitcoin #BTC #Kazakhstan #SovereignFunds #CryptoAdoption
$BTC
✅ Big move: Reports suggest Kazakhstan is considering adding Bitcoin to its national wealth fund investments.
If confirmed, this would make Kazakhstan one of the first countries to openly use BTC as part of its sovereign assets.
💡 Why it matters:
Adds to the global narrative of Bitcoin as a store of value.
Sovereign adoption signals growing trust beyond just private companies.
Could inspire other resource-rich nations to follow.
📈 First MicroStrategy… then Tesla… now countries?
💬 Do you think more nations will stack sats? Drop your prediction!
#Bitcoin #BTC #Kazakhstan #SovereignFunds #CryptoAdoption
$BTC
See original
How Kazakhstan is fighting financial pyramids and online fraud?
Hello, crypto enthusiasts! Today we will talk about how Kazakhstan is actively working on exposing financial pyramids and protecting citizens from fraudsters 🛡️📉.
At the conference dedicated to combating online fraud, the head of the AFM Prevention Department, Andrey Davydov, shared interesting statistics and methods of work:
At the conference dedicated to combating online fraud, the head of the AFM Prevention Department, Andrey Davydov, shared interesting statistics and methods of work:
See original
Kazakhstan supported the idea of creating a reserve of confiscated bitcoins*
The National Bank of Kazakhstan supported the initiative of the Mazhilis deputies to create a state cryptocurrency reserve, which may consist of confiscated $BTC . This was stated on June 30, 2025, by the head of the regulator Timur Suleimenov, as reported by Kursiv. The reserve is planned to be used for storing part of the state assets in cryptocurrency, participating in the digital economy, and supporting the development of the industry.
🚨 JUST IN: 🇰🇿 Kazakhstan has approved Central Asia’s first spot Bitcoin ETF — trading starts tomorrow 🚀
#Bitcoin #ETF #Kazakhstan
#Bitcoin #ETF #Kazakhstan
See original
Kazakhstan Ready to Establish National Crypto Reserve: New Innovation in Digital Asset Management
Kazakhstan has taken a bold step with plans to establish a **national crypto reserve** to be managed by the Central Bank. This move aims to optimally utilize digital assets, with a primary focus on **transparency and security**.
According to the Chairman of the Central Bank, Timur Suleimenov, the reserve will come from digital assets seized in criminal cases as well as state-owned crypto mining yields. The management of the reserve will be conducted professionally and closely monitored to ensure protection against high market risks.
This initiative marks Kazakhstan's effort to become a pioneer in the integration of blockchain and crypto technology in Central Asia. Furthermore, this step strengthens Kazakhstan's position as a well-regulated crypto hub, while also opening new opportunities for diversifying the country's financial reserves.
With a transparent and structured approach, Kazakhstan demonstrates how a country can safely and responsibly leverage the potential of digital assets, setting an example for other nations in facing the era of the digital economy.
#Kazakhstan $BTC
Kazakhstan has taken a bold step with plans to establish a **national crypto reserve** to be managed by the Central Bank. This move aims to optimally utilize digital assets, with a primary focus on **transparency and security**.
According to the Chairman of the Central Bank, Timur Suleimenov, the reserve will come from digital assets seized in criminal cases as well as state-owned crypto mining yields. The management of the reserve will be conducted professionally and closely monitored to ensure protection against high market risks.
This initiative marks Kazakhstan's effort to become a pioneer in the integration of blockchain and crypto technology in Central Asia. Furthermore, this step strengthens Kazakhstan's position as a well-regulated crypto hub, while also opening new opportunities for diversifying the country's financial reserves.
With a transparent and structured approach, Kazakhstan demonstrates how a country can safely and responsibly leverage the potential of digital assets, setting an example for other nations in facing the era of the digital economy.
#Kazakhstan $BTC
See original
Trump Wants to Mine All Bitcoin in the U.S. – What About the Environment?
President Donald Trump has returned to the White House with a friendly policy for the Bitcoin industry, pushing Bitcoin prices to a record high of nearly $109,000. However, his ambition to mine all remaining Bitcoin in the U.S. is raising many concerns about environmental impacts.
Bitcoin Rises Under Trump
#TRUMP has committed to ramping up Bitcoin mining in the U.S., facilitating strong growth for this industry.
Bitcoin Rises Under Trump
#TRUMP has committed to ramping up Bitcoin mining in the U.S., facilitating strong growth for this industry.
🔥 JUST IN: #Mastercard expands into the EEMEA region with the launch of its Crypto Credential solution in the #UAE 🇦🇪 and #Kazakhstan 🇰🇿.
CoinMarketCap Spotlight | 30 May 2025
Here is a quick rundown of the top headlines from the past 24 hours:
Ethereum's Pectra upgrade boosted prices but network activity stayed flat. Why are Ethereum fees declining if network activity isn't surging?
#Kazakhstan announced "CryptoCity" where all payments can be made with crypto including real estate purchases. Why is a Central Asian country with strict financial controls suddenly embracing unrestricted crypto payments?
Elon Musk denied any $300M partnership with Telegram after CEO Pavel Durov's announcement caused price moves. How did it impact the TON price?
Trump's sons predict Bitcoin will hit $150K-$175K by 2026, citing billions in daily institutional allocation. What's driving this massive wave of optimism?
Bubblemaps launched a "Time Travel" tool to detect #MEMECOİN scams. Has Bubblemaps caught any major scams yet?
$ETH $TON $BTC
#CoinMartketCap #trending #viral
Here is a quick rundown of the top headlines from the past 24 hours:
Ethereum's Pectra upgrade boosted prices but network activity stayed flat. Why are Ethereum fees declining if network activity isn't surging?
#Kazakhstan announced "CryptoCity" where all payments can be made with crypto including real estate purchases. Why is a Central Asian country with strict financial controls suddenly embracing unrestricted crypto payments?
Elon Musk denied any $300M partnership with Telegram after CEO Pavel Durov's announcement caused price moves. How did it impact the TON price?
Trump's sons predict Bitcoin will hit $150K-$175K by 2026, citing billions in daily institutional allocation. What's driving this massive wave of optimism?
Bubblemaps launched a "Time Travel" tool to detect #MEMECOİN scams. Has Bubblemaps caught any major scams yet?
$ETH $TON $BTC
#CoinMartketCap #trending #viral
📣 Crypto News: Kazakhstan joins the blockchain game!
Kazakhstan is launching the first blockchain economic zone on Solana — right in Central Asia. Looks like Dubai’s got competition 😎
What’s the plan?
🚀 Tokenized financial products (stocks, bonds — but in crypto format).
🎓 Developer training on Rust and building projects on Solana.
🤝 Working with big names from Solana and the crypto industry.
Why?
Because Kazakhstan wants to become a regional hub for blockchain innovation. And honestly — they’re moving fast.
💡 My take:
✔ Central Asia is entering the crypto scene — it’s not just about oil and gas anymore.
✔ For startups and devs — this is a direct ticket to new opportunities.
✔ For investors — regulated, clear conditions for crypto assets.
The crypto world is expanding. And it’s not just about the US or UAE anymore. Kazakhstan is making moves.
Let’s keep watching 👀
#Kazakhstan #CryptoNews #Investing $SOL
Kazakhstan is launching the first blockchain economic zone on Solana — right in Central Asia. Looks like Dubai’s got competition 😎
What’s the plan?
🚀 Tokenized financial products (stocks, bonds — but in crypto format).
🎓 Developer training on Rust and building projects on Solana.
🤝 Working with big names from Solana and the crypto industry.
Why?
Because Kazakhstan wants to become a regional hub for blockchain innovation. And honestly — they’re moving fast.
💡 My take:
✔ Central Asia is entering the crypto scene — it’s not just about oil and gas anymore.
✔ For startups and devs — this is a direct ticket to new opportunities.
✔ For investors — regulated, clear conditions for crypto assets.
The crypto world is expanding. And it’s not just about the US or UAE anymore. Kazakhstan is making moves.
Let’s keep watching 👀
#Kazakhstan #CryptoNews #Investing $SOL
See original
Bybit Kazakhstan has officially launched a channel for depositing and withdrawing fiat funds with Bank CenterCredit (BCC) — one of the leading financial organizations in the country. This initiative represents a significant step towards creating a reliable and regulated crypto-fiat solution tailored for local users.
Thanks to the partnership, Bybit Kazakhstan users can deposit and withdraw funds in Kazakhstani tenge (KZT) directly through their bank accounts at Bank CenterCredit, providing a more convenient entry and exit from the crypto market both on the Bybit Kazakhstan platform and through BCC. The integration ensures high transaction speeds, transparency, and strict compliance with local legislation.
#MSMannanov
#Kazakhstan
Thanks to the partnership, Bybit Kazakhstan users can deposit and withdraw funds in Kazakhstani tenge (KZT) directly through their bank accounts at Bank CenterCredit, providing a more convenient entry and exit from the crypto market both on the Bybit Kazakhstan platform and through BCC. The integration ensures high transaction speeds, transparency, and strict compliance with local legislation.
#MSMannanov
#Kazakhstan
See original
🇰🇿 Kazakhstan is preparing to become the IT hub of Central Asia! 💻🚀
Attention, friends: Kazakhstan is making a huge leap towards a digital future! 🌐 The country plans to open offices for giants like TON, Tether, and even Google! 🎉✨
Why is this important?
1️⃣ TON (The Open Network) — a platform from the creators of Telegram, promising a revolution in decentralized applications. 💡📲
2️⃣ Tether — the largest stablecoin in the world. Their presence is a significant step for the development of the cryptocurrency sector in the region. 💰⚡
3️⃣ Google — a name that speaks for itself. Their office in Kazakhstan will be a catalyst for IT development. 🔍🌟
What will this bring?
💡 New jobs. Thousands of specialists will be able to work with global leaders.
💡 Digital ecosystem. The development of blockchain and technologies in the region will reach a new level.
💡 Attracting investments. Kazakhstan is becoming a magnet for international business. 📈🌍
Kazakhstan — a new leader in technology?
At this pace, the country could become the Silicon Valley of Central Asia. What do you think? Is this the beginning of a tech boom? Share your opinion! ✍️👇
#Kazakhstan #TON #Tether #Google #CryptoFuture
Attention, friends: Kazakhstan is making a huge leap towards a digital future! 🌐 The country plans to open offices for giants like TON, Tether, and even Google! 🎉✨
Why is this important?
1️⃣ TON (The Open Network) — a platform from the creators of Telegram, promising a revolution in decentralized applications. 💡📲
2️⃣ Tether — the largest stablecoin in the world. Their presence is a significant step for the development of the cryptocurrency sector in the region. 💰⚡
3️⃣ Google — a name that speaks for itself. Their office in Kazakhstan will be a catalyst for IT development. 🔍🌟
What will this bring?
💡 New jobs. Thousands of specialists will be able to work with global leaders.
💡 Digital ecosystem. The development of blockchain and technologies in the region will reach a new level.
💡 Attracting investments. Kazakhstan is becoming a magnet for international business. 📈🌍
Kazakhstan — a new leader in technology?
At this pace, the country could become the Silicon Valley of Central Asia. What do you think? Is this the beginning of a tech boom? Share your opinion! ✍️👇
#Kazakhstan #TON #Tether #Google #CryptoFuture
See original
Kazakhstan plans to establish a national Bitcoin and cryptocurrency reserve fund
The National Bank of Kazakhstan has announced plans to establish a state Bitcoin and cryptocurrency reserve fund, marking a significant shift in this Central Asian country's approach to cryptocurrencies amid rapidly increasing institutional acceptance worldwide.
Legal framework and accumulation source
Theo tuyên bố từ Chủ tịch Ngân hàng Quốc gia, Timur Suleimenov, ngân hàng đang phát triển một khung pháp lý toàn diện để hình thành và quản lý các khoản dự trữ Bitcoin và tiền điện tử thông qua một công ty con chuyên về các khoản đầu tư thay thế.
Legal framework and accumulation source
Theo tuyên bố từ Chủ tịch Ngân hàng Quốc gia, Timur Suleimenov, ngân hàng đang phát triển một khung pháp lý toàn diện để hình thành và quản lý các khoản dự trữ Bitcoin và tiền điện tử thông qua một công ty con chuyên về các khoản đầu tư thay thế.
🇰🇿 Kazakhstan is reportedly exploring the sale of its gold reserves to invest in #Bitcoin .
The shift is underway.
$BTC
#Kazakhstan #BitcoinAdoption #GoldToCrypto #CryptoNews
The shift is underway.
$BTC
#Kazakhstan #BitcoinAdoption #GoldToCrypto #CryptoNews
🚨JUST IN:
Kazakhstan has officially prohibited the wearing of niqabs and all facial coverings in public areas.
#Kazakhstan #NiqabBan #PublicPolicy #ReligiousFreedom #DYMBinanceHODL
Kazakhstan has officially prohibited the wearing of niqabs and all facial coverings in public areas.
#Kazakhstan #NiqabBan #PublicPolicy #ReligiousFreedom #DYMBinanceHODL
Kazakhstan Is Building Its Own Bitcoin Reserve
🚨 BREAKING NEWS – #KAZAKHSTAN 🇰🇿
Kazakhstan's National Bank has officially supported the idea of creating a Strategic Bitcoin Reserve!
They will work with parliament to build the legal framework needed to make this happen.
The reserve could be funded by:
▪️ Confiscated crypto assets
▪️ Crypto mined with government involvement
This move signals Kazakhstan's serious push toward #Bitcoin adoption at the national level.
Stay tuned for more updates on global $BTC adoption!
Kazakhstan's National Bank has officially supported the idea of creating a Strategic Bitcoin Reserve!
They will work with parliament to build the legal framework needed to make this happen.
The reserve could be funded by:
▪️ Confiscated crypto assets
▪️ Crypto mined with government involvement
This move signals Kazakhstan's serious push toward #Bitcoin adoption at the national level.
Stay tuned for more updates on global $BTC adoption!
Wednesday, August 13, 2025
- Illegal Mining Crackdown: Authorities in East Kazakhstan Oblast have shut down a large-scale illegal crypto mining network. This operation was allegedly using corrupt utility insiders to siphon off more than $16 million worth of electricity, enough to power a small city. The illicit profits were reportedly used to buy luxury assets, which have been seized. This is part of a broader, regional effort to combat unlicensed mining and protect the national power grid from the strain of unregulated activity.
- Government Regulation: The government is taking steps to formalize the cryptocurrency industry.
- Taxation: The state has collected a significant amount in mining taxes over the past three years.
- Legislation: Financial regulators have proposed amendments to legalize cryptocurrency trading by creating a licensing regime for local exchanges.
- State-Controlled Reserve: The National Bank of Kazakhstan has supported a lawmaker initiative to create a state-controlled reserve for digital assets.
"Crypto Card" Initiative: The National Bank has also launched a program that allows consumers to link licensed crypto wallets to traditional payment cards for retail purchases. This initiative enables users to pay with crypto while merchants receive fiat currency.
#Kazakhstan
#BinanceSquareFamily
#Write2Earn
$PEPE
- Illegal Mining Crackdown: Authorities in East Kazakhstan Oblast have shut down a large-scale illegal crypto mining network. This operation was allegedly using corrupt utility insiders to siphon off more than $16 million worth of electricity, enough to power a small city. The illicit profits were reportedly used to buy luxury assets, which have been seized. This is part of a broader, regional effort to combat unlicensed mining and protect the national power grid from the strain of unregulated activity.
- Government Regulation: The government is taking steps to formalize the cryptocurrency industry.
- Taxation: The state has collected a significant amount in mining taxes over the past three years.
- Legislation: Financial regulators have proposed amendments to legalize cryptocurrency trading by creating a licensing regime for local exchanges.
- State-Controlled Reserve: The National Bank of Kazakhstan has supported a lawmaker initiative to create a state-controlled reserve for digital assets.
"Crypto Card" Initiative: The National Bank has also launched a program that allows consumers to link licensed crypto wallets to traditional payment cards for retail purchases. This initiative enables users to pay with crypto while merchants receive fiat currency.
#Kazakhstan
#BinanceSquareFamily
#Write2Earn
$PEPE
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