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.
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.