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Notwithstanding its quick advances toward controlling crypto mining, Kazakhstan will send off a pilot project for crypto trades in the unique financial zone of the Astana International Finance Center.
While Republic of Kazakhstan' administration is finding the big volume of crypto mining within the nation by presenting new duties and guidelines, the near full-service bank means that to research the potential outcomes that crypto offers.
The Central Asian country's new crackdown on bulldozers has come at the expense of significant energy tax revenues for the state. Kazakhstan's public administration earned 652 million Kazakh tenge ($1.5 million) in revenue from Bitcoin miners in the first quarter of 2022.
Kazakhstan and Uzbekistan have introduced new regulations for cryptocurrency mining. The changes indicate concerns about electricity consumption destroying the technology network.