Kazakhstan

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Interest in Cryptocurrency Jumped 15-Fold in Kazakhstan

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Interest in cryptocurrency in Kazakhstan has surged fifteen-fold this year compared to 2017 according to a study by Yandex. The number of online searches began to rise significantly in June of last year for a number of cryptocurrency-related search terms. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Crypto-Related Search Queries Increase A … Read more

Uzbekistan to Legalize Bitcoin and Support Developers

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Uzbekistan has taken the road to bitcoin legalization. In accordance with a presidential decree, a law regulating “electronic money” should be prepared by the end of the summer. The Central Asian country is also planning to open a center for distributed ledger technologies. Mining expenses in Uzbekistan are among the lowest in the world, as … Read more

Finance Ministry Employees Caught Mining Cryptos in Kazakhstan

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The Ministry of Finance in Kazakhstan has announced measures to improve security and oversight in its IT department after catching four employees mining cryptocurrencies on its servers. Joking that the miners have taken over the central bank’s main duty – money emission, a deputy called for crypto regulations. The National Bank is actually working on … Read more

Law to Legalize Crypto Mining Introduced in Armenia

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Armenia may soon follow in the footsteps of countries like Belarus in regards to crypto regulation. Newly proposed legislation provides the basis for legalizing and regulating cryptocurrency mining in the country. Tax exemptions and other incentives will be offered to miners. If the draft law is adopted, businesses will be able to operate mining facilities … Read more

Kazakhstan, Kyrgyzstan, and Uzbekistan on the Crypto Radar

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Several Central Asian countries have taken steps to embrace cryptos one way or another. Kazakhstan, Kyrgyzstan, and Uzbekistan are some of the less conspicuous former Soviet republics, but now they are starting to appear on the crypto radar. With certain inherent advantages and some clever new policies, they try to attract investors and integrate into … Read more

Kazakhstan President Proposes a Global “Cryptocurrency” Known as G-Global

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Kazakhstan is not a country most people would associate with digital currencies. Very little is known about this part of the world by outsiders, especially when it comes to the financial sector. At the same time, the country is home to a booming blockchain industry. Moreover, the president of Kazakhstan, Nursultan Nazarbayev, wants to create … Read more

Kazakhstan wants to launch its own cryptocurrency G-Global based on the intellect.

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The President of the Republic of Kazakhstan Nursultan Nazarbayev announced the intention to create a world cryptocurrency that will be based not on abstract trust but will be secured by specific assets, will be democratic and transparent. The new cryptocurrency will be called G-Global. “It will help the world get rid of monetary wars, black-marketeering … Read more