Kazakhstan opens public consultation for central bank digital currency
The potential national digital currency in Kazakhstan is not intended to replace either cash or cashless payments, the central bank stressed. Go to Source Powered by WPeMatico
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EAEU unlikely to find common ground on crypto regulation, official says
The Eurasian Economic Union’s member states did not support an initiative to synchronize crypto regulations. Go to Source Powered by WPeMatico
Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs
The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies. Go to Source Powered by WPeMatico
Kazakhstan on track for $700M crypto mining investment goal, says minister
A Kazakh minister claimed that there are already preliminary agreements on attracting more than $700 investment for cryptocurrency mining. Go to Source Powered by WPeMatico
Geopolitical risks prevail as new players emerge in the crypto mining space
China is not the only country that wants control of this highly coveted industry. Go to Source Powered by WPeMatico
The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete … Read more
Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first file an application for registration with … Read more
Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%
Kazakhstan’s Ministry of the Economy wants to tax crypto mining in an effort to deal with the COVID-19 pandemic. Go to Source Powered by WPeMatico
Various Crypto Mining Strategies Underline Industry’s Growth Potential
PoS mining platforms are gaining traction globally but could use more polishing and real-life testing, according to experts. Go to Source Powered by WPeMatico
Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official
Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says. Go to Source Powered by WPeMatico
