Kazakhstan Approves Bitcoin Mining Rules to Build $1 Billion Crypto Reserve
The government of Kazakhstan has approved new rules for strategic cryptocurrency mining, linking mining activities to its national crypto reserve policy. This framework incentivizes approved miners by offering stable power tariffs and guaranteed supply for up to ten years. In return, participating companies must contribute a portion of their newly mined Bitcoin to a state-managed fund, with the goal of building a national crypto reserve of at least $1 billion. This policy extends Kazakhstan's multi-year development of digital asset regulations, which began with legalizing crypto mining in 2020. Unlike some countries that directly operate mining, Kazakhstan is employing a public-private partnership model. The move allows the nation to accumulate crypto reserves through mining contributions rather than direct purchases.
TheNewsCryptoAyer 08:05
