While most of the market has its eyes on the CLARITY Act and the FOMC, there’s a piece of news that’s flying under the radar and says a lot about where the institutional adoption of crypto by governments is headed.
Kazakhstan has just approved new strategic rules for digital mining. And this is not an isolated move.
The context nobody is telling you about
Kazakhstan didn’t get to this overnight. At its peak, the country came to represent up to 13% of Bitcoin’s global hashrate, becoming one of the most important mining nations in the world. But that growth came with real problems: illegal activity, pressure on the power grid, and a lack of clear regulatory framework.