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Chairman of Kazakh National Bank cites lack of regulation and possibility for money laundering as case to ban crypto mining and exchanges to the national currency. #NEWS Go to Source Powered by WPeMatico
Bitcoin’s price has incurred a small jump. After yesterday’s trading lows of $6,600 – $6,900, the current mark for bitcoin’s price is just under $7,100 – a small, but noticeable step forward after what can be labeled a very tumultuous week. For the most part, however, cryptocurrencies remain in the red, with major bitcoin competitors … Read more
The chairman of the central bank of Kazakhstan said that the bank has prepared legislation to prohibit the sale and purchase of cryptocurrencies in the country as well as any kind of crypto mining, citing several risks he sees. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies National Bank’s Crackdown on Crypto … Read more
A Yandex study has revealed a growing interest of Kazakhstanis in crypto #NEWS Go to Source Powered by WPeMatico
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 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
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
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
Russian nuclear engineers arrested after attempting to illegally use a supercomputer to mine BTC. #NEWS Go to Source Powered by WPeMatico
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
