Kazakhstan is the world’s second-largest cryptocurrency mining country after the United States, thanks to cheap electricity, a key factor for profitable mining. However, the industry’s rapid growth has led to an electricity shortage by 2024. The government has imposed power consumption limits for mining farms and introduced new licensing rules.
Despite this, Kazakhstan remains attractive to investors. The country is developing infrastructure for crypto businesses, including special economic zones with preferential conditions. This makes Kazakhstan a key player in the global crypto industry.
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