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Category: central asia
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Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners
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Uzbekistan Warns Citizens to Avoid Unlicensed Cryptocurrency Exchanges
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Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
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Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan
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Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners
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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 […]
The post Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus appeared first on Bitcoin News.
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3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation, […]
The post 3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners appeared first on Bitcoin News.
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Uzbekistan Legalizes Crypto Exchanges and Trading
A new presidential decree legalizes cryptocurrency trading in Uzbekistan, introducing licensing for crypto exchanges and a set of requirements they will be obliged to meet. To operate in the country, foreign trading platforms will have to establish local subsidiaries and abide by the country’s relevant laws. Also read: California Passes Bill Defining Blockchain and Crypto […]
The post Uzbekistan Legalizes Crypto Exchanges and Trading appeared first on Bitcoin News.
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Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan
The executive power in Uzbekistan has advanced towards legalizing cryptocurrencies and implementing blockchain technology in both government and economy. A new decree signed by President Mirziyoyev mandates licensing for trading and other activities related to the circulation of digital coins. The document also calls for regulating crypto mining and smart contracts. Also read: No License […]
The post Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan appeared first on Bitcoin News.
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