Kazakhstan’s Financial Monitoring Agency & National Security Committee have dismantled a massive illegal crypto mining ring in East Kazakhstan Oblast.

💡 Key Facts

$16.5M worth of stolen electricity sold to mining farms.

Power usage: 50+ MWh — equal to a city of 50k–70k people.

Involved local utility staff selling energy meant for residents & vital facilities.

Seized: 2 apartments & 4 vehicles bought with illicit profits.

⚡ Under Kazakh law, mining farms must buy electricity only from the state platform, max 1 MWh at a time.

🌍 Global Context

Russia tightening rules & launching mining hardware registry.

France exploring unused nuclear power for BTC mining.

📈 BTC currently at $120,260 (+1.3% 24h).

#Bitcoin #Kazakhstan #CryptoMining #BlockchainNews #BTC #CryptoRegulation

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