bitcoin

Kazakhstan lawmakers want to verify Crypto Miners amid “big increase” in power consumption

Deputies in the lower house of the bicameral Parliament of Kazakhstan are pushing to establish a state register for all crypto miners operating within the country.

Plans are also underway to raise electricity tariffs for miners as demand for power skyrockets.

According to  Tegrin News, Kazakhstan’s People’s Party members have directed Deputy Prime Minister Zhambyl Akhmetbekov to ensure that all cryptocurrency farms are properly registered.

Crypto Miners
Via: Iacis

Akhmetbekov acknowledged this proposal in a meeting with the Mazhilis.

“In this regard, it is proposed to create a legislative register to record the so-called mining farms and introduce a special increased tariff for electricity for them,” Akhmetbekov said.

In June, President Kassym-Jomart Tokayev signed the digital mining bill, mandating crypto miners in Kazakhstan to pay tax. However, the law doesn’t take effect until January 2022.

NEXT: Micheal Dell mulls on Bitcoin, says blockchain technology is “undervalued”

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