Kazakhstan Legislature Pushes New Crypto Rules Forward: Report

After China banned energy-intensive crypto mining in that country, miners fled to other jurisdictions with cheap electricity, with energy-rich Kazakhstan becoming a main attraction. The country soon began to struggle with energy shortages, and authorities began cracking down on the mining industry. Since May, the government has required crypto miners to register their operations with local authorities. In July, Tokayev signed into law increased levies on crypto miners.