All by tag: Kazakhstan

The integration of the national digital currency will take place in stages from 2023 to 2025

Industrial application of the service may begin at the end of 2023

Now it is possible to buy electricity from the common energy system only if there is a surplus and exclusively through the KOREM exchange

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