All by tag: Kazakhstan

This became possible after receiving a license from Kazakhstan’s regulators to operate Binance in the country

According to the document, mining, the issuance, and circulation of digital assets, as well as the operation of crypto exchanges in the country fall under the regulation

The exchange is now a fully regulated platform with the right to provide a wide range of cryptocurrency services in the country

The main purpose of signing the memorandum is a partnership and mutual support of the parties in the field of circulation of crypto assets

This will be possible after appropriate changes are made to the current agreement on cooperation between the countries

The document introduces the concept of “energy quota” for legal participants of cryptocurrency mining

The second party to the transaction was the local cryptocurrency exchange, Intebix

AFSA became the first regulator in the CIS to grant permission to the crypto exchange

The amount of tax will depend on the amount and average price of electricity used in digital currency mining

The new rules will affect platforms that have been licensed by the Astana International Financial Center

Amendments to the Tax Code provide for different fees depending on the source and cost of energy consumed

Detailed data must be provided to the Ministry of Digital Development before cryptocurrency mining can begin