Tag: kazakhstan

Feb 12 2023

Kazakhstan will require 75% of crypto mining revenue sales

Feb 12 2023 Published at Coinscreed under tags  cbdc kazakhstan news regulations

The president of Kazakhstan, signed a new law that reaffirmed the country's opposition to illegal mining operations and the issuing of crypto assets. One of the largest Bitcoin (BTC $21,729) mining centres in the world, Kazakhstan, has revealed plans to establish new crypto legislation to cut down on tax fraud and illegal business practices. On […] The post...

Feb 08 2023

BIS To Launch Stablecoin Monitoring Project Amid CBDC Development

The Bank of International Settlement (BIS) has decided to expand its tentacles beyond the walls of central banks' oversight and Central Bank Digital Currency (CBDC) development. The Swizz-based Bank of Central Banks announced that it would launch a new project to monitor stablecoins in addition to its ongoing Central Bank Digital Currency...

Jan 25 2023

The Kazakhstan Mining Exodus Has Flipped Bitcoin To Clean-Energy Dominance

After Kazakhstan forced out Bitcoin mining operations, the majority of global hash rate is now produced with clean energy.Kazakhstan was, at its height, the second-largest Bitcoin mining nation on earth. Then, within a year, it capitulated. While mainstream news commentators were quick to pick through the reasons for why...

Dec 07 2022

Kazakhstan Presses On With Restrictive Bitcoin Mining Regulation

Dec 07 2022 Published at Bitcoin Magazine under tags  electricity kazakhstan legal mining news

A bill that would create new licensing and electricity purchase requirements has been sent on to a third vote.Kazakhstan is moving forward with regulation that will further stifle its bitcoin mining industry.The country's federal parliamentary body has completed secondary approval of a bill "...

Oct 28 2022

Kazakhstan to Integrate its CBDC on BNB Chain

Oct 28 2022 Published at Coinscreed under tags  binance binance news crypto kazakhstan

Changpeng Zhao, the CEO of Binance, said that the National Bank of the Republic of Kazakhstan will add its central bank digital currency (CBDC) to BNB Chain. The company has been doing more business in the Central Asian country recently. Local regulator AIFC Financial Services Authority (AFSA) gave it permission to run a platform for […] The post...

Oct 27 2022

Kazakhstan To Build CBDC On BNB Chain

Oct 27 2022 Published at Coinscreed under tags  blockchain cbdc kazakhstan news

Kazakhstani officials continue to have a tight relationship with Binance since the National Bank intends to incorporate its CBDC on the BNB Chain. Kazakhstan to establish its national digital currency network on BNB Chain. The network will play a significant role in Kazakhstan's most recent Web3 initiative, said Changpeng Zhao, the founder and CEO of […] The post...

Breaking: Kazakhstan To Integrate Its CBDC With Binance’s BNB Chain

Binance's CEO in a tweet on October 27 announced the National Bank of Kazakhstan (NKB) will integrate its CBDC, Digital Tenge, with the BNB Chain. Kazakhstan's central bank recently launched a CBDC pilot in a controlled environment and performed tests with consumers and merchants. Binance continues to work with the... Read more

Oct 24 2022

Kazakhstan retains third place in Bitcoin Mining Hubs

Kazakhstan has maintained its third-place ranking in Bitcoin (BTC) mining for more than a year after surpassing Russia in February 2021. As of January 2022, Kazakhstan provided 13.22% of the overall Bitcoin hash rate, placing third behind the two original pioneers, China (21.11%) and the United States (37.84%). Cambridge Community for Elective Money information calculated […] The post...

Oct 21 2022

Made In The USA: WhatsMiner Will Produce Bitcoin Miners In American Soil

Did WhatsMiner just claim first-mover advantage? Is MicroBT, the manufacturing company, about to conquer the American continent? If so, this is big for the company, mining, and the bitcoin network. The uncertainty comes from the fact that there are no press releases in the distribution services. And neither WhatsMiner nor MicroBT’s official channels have confirmed the vast development. They have retweeted a few...

Oct 13 2022

Crypto Miners In Kazakhstan to Face Mandatory Licensing

Oct 13 2022 Published at Coingape under tags  crypto miners kazakhstan news regulation news

Kazakhstan, one of the key destinations for crypto mining activities, is now looking to bring mandatory licensing for all crypto miners operating in the country. Mazhilis, the lower house of Kazakhstan's parliament introduced the bill on Wednesday, October 12. As TASS reported, the parliament lawmakers introduced an industry bill on... Read more

Oct 12 2022

Kazakhstan To Establish Legal Framework For Bitcoin, Crypto: Report

Oct 12 2022 Published at Bitcoin Magazine under tags  bitcoin business crypto kazakhstan legal

The legislation seeks to establish clearer guidelines for mining, taxes and licensing for service providers such as exchanges in the region.Kazakhstan plans to release a legal framework for the regulation of bitcoin and cryptocurrencies, per a report from Russian media outlet Tass. "Deputies of the Majilis of the Parliament have developed a sectoral bill on digital assets of the Republic...

Kazakhstan Government Adopts New Crypto Rules

Oct 12 2022 Published at Coinscreed under tags  crypto crypto mining kazakhstan news

The lower house of the country's parliament has passed five bills related to digital assets. The government is trying to get a tighter hold on crypto activity, especially crypto mining, so these bills are a step in that direction. The Russian news agency TASS said Wednesday that the lower house of Kazakhstan government, called the […] The post...

Oct 11 2022

Binance Focuses on Crypto Safety in New MoU with Kazakhstan

Binance, a major cryptocurrency exchange, has signed a second memorandum of understanding (MoU) with Kazakhstan, this time focusing on “the safe development of virtual asset markets” in the Central Asia country.

The crypto exchange signed the MoU with the country’s Financial Monitoring Agency on October 3, 2022 in Astana, the capital city of Kazakhstan.

Oct 06 2022

Binance Strengthens Stronghold In Kazakhstan Amid Massive Crypto Adoption

Oct 06 2022 Published at Coingape under tags  binance kazakhstan news regulation news

The world's largest crypto exchange Binance further strengthens its position in Kazakhstan after receiving a permanent license from the AIFC Financial Services Authority (AFSA) on Thursday. The license allows the crypto exchange to operate a digital asset platform and offer custody services in the country. Binance Receives Permanent License from... Read more

Oct 03 2022

Binance Signs MoU With Kazakhstan Govt.

Binance is looking to promote the cryptocurrency scene in Kazakhstan in tandem with the country's authorities, as it signs a Memorandum of Understanding with the Kazakh Financial Monitoring Agency (FMA). The MoU will ensure combined efforts from both parties to ensure mutual benefits of the crypto industry. MoU between Binance... Read more

Binance To Develop Virtual Asset Market In Kazakhstan Amid President’s Support

Binance has signed a Memorandum of Understanding (MOU) with the Financial Monitoring Agency of the Republic of Kazakhstan, the crypto exchange announced on Monday. Binance will help develop a safe virtual asset market in the country. The exchange will also work with authorities to identify and block illegal crypto transactions... Read more

Sep 29 2022

Kazakhstan Completes First Crypto Purchase With Local Currency, Eyes Regulation: Report

President Tokayev said Kazakhstan will give full legal recognition to digital assets if demand persists while they continue testing security concerns.The first purchase of cryptocurrency with Kazakhstan’s local currency has been finalized.The President of Kazakhstan says further demand could likely result in full legal recognition of digital assets. The country will continue running a...

Breaking: Kazakhstan Presents First Draft Law on Crypto Mining

Kazakhstan is looking to regulate and welcome the cryptocurrency industry as it recently presented its first draft law on cryptocurrencies. The Central Asian nation's recent draft law which seeks to provide the proper framework for crypto regulation covers the areas of cryptocurrency mining and circulation of cryptocurrencies. Crypto mining in... Read more

Aug 15 2022

Binance receives approval to operate digital assets, custody services in Kazakhstan

Aug 15 2022 Published at Coinscreed under tags  binance binance news kazakhstan license

Binance has received an in-principle license to operate as a digital asset service provider in Kazakhstan from the Astana Financial Services Authority, or AFSA, a nation's independent financial authority. In a statement released on Monday, AFSA stated that it has given Binance preliminary authorization to operate as a digital asset trading facility and to offer […] The post...

Kazakhstan Financial Regulator Just Granted Approval To This Exchange

The Astana Financial Services Authority (AFSA) has given...

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