Kazakhstan New Law Opens Crypto Mining to Private Sector Ahead of $1B Reserve
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- President Tokayev signed a law allowing crypto mining and circulation outside the AIFC.
- Miners are no longer required to route sales through AIFC exchanges, ending a monopoly.
- The move supports plans for a $1 billion national crypto reserve to launch by 2026.
Kazakhstan’s President Kassym-Jomart Tokayev has signed into law the legislation that permits crypto mining and circulation outside the Astana International Financial Center (AIFC).
According to reports, the new law is part of Kazakhstan’s effort to expand its regulatory framework for digital assets.
Related: Kazakhstan Plans $1 Billion Crypto Reserve Fund To Invest In ETFs, Not Coins
Ending the AIFC Monopoly: Miners Gain Freedom
The law dismantles the system where AIFC-based entities held preferential rights in mining and trading. It will take effect 60 days after publication. This deregulatio…
Read The Full Article Kazakhstan New Law Opens Crypto Mining to Private Sector Ahead of $1B Reserve On Coin Edition.
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Kazakhstan New Law Opens Crypto Mining to Private Sector Ahead of $1B Reserve
Share:
- President Tokayev signed a law allowing crypto mining and circulation outside the AIFC.
- Miners are no longer required to route sales through AIFC exchanges, ending a monopoly.
- The move supports plans for a $1 billion national crypto reserve to launch by 2026.
Kazakhstan’s President Kassym-Jomart Tokayev has signed into law the legislation that permits crypto mining and circulation outside the Astana International Financial Center (AIFC).
According to reports, the new law is part of Kazakhstan’s effort to expand its regulatory framework for digital assets.
Related: Kazakhstan Plans $1 Billion Crypto Reserve Fund To Invest In ETFs, Not Coins
Ending the AIFC Monopoly: Miners Gain Freedom
The law dismantles the system where AIFC-based entities held preferential rights in mining and trading. It will take effect 60 days after publication. This deregulatio…
Read The Full Article Kazakhstan New Law Opens Crypto Mining to Private Sector Ahead of $1B Reserve On Coin Edition.
Read More
Bitcoin Price Teeters at $93,000 as Bears Press Their Advantage