Tag Archives: Crypto mining

Kazakhstan President laments lack of “financial return” from Crypto Mining

NEWSBSC Crypto Mining

Kazhakhstan Prezident Kassym-Jomart Tokayev has expressed his disappointment at the failure of his administration to generate substantial income from crypto mining activities. Mr. Tokayev made this known during a meeting with stakeholders within the financial industry stakeholders at the country’s capital Almaty. “Cryptocurrencies are an objective factor that cannot be …

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Russian Authorities seeks to Legalize Crypto Mining

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There’s strong intent from several Russian industry leaders, including the State Duma, Ministry of Energy, and the Ministry of Economic Development, to embrace crypto mining. These government agencies are pushing for crypto miners to be officially recognized as “entrepreneurs” and be treated as such, but there’s strong opposition from another …

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Kazakhstan eyeing $1.5B profit from Crypto Mining within five years

Crypto Mining

Kazakhstan is projected to reap as much as $1.5 billion from crypto mining and other related economic activities in the next five years – and there could be more in the offering. According to Kazakhstan’s National Association of Blockchain and Data Center Industry (NABDC), “official” crypto mining activities contribute 98 …

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Crypto mining continues in Abkhazia despite Govt’s crackdown

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Regulators in Abkhazia seized 6,000 crypto mining equipment this past week but several other illegal miners are undeterred and have continued their operations. Abkhazia is a breakaway region of Georgia funded by Russia that has maintained de facto independence since 1993. Residents of the partially recognized state have turned to …

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