Kazakhstan's parliament is bringing its crypto mining industry, once one of the world's largest, closer to heel.
The new legislation would put in new licensing regimes for crypto miners based on whether or not they operate their own facilities or rent them from other suppliers. Miners would also have to purchase their electricity from the shared grid at market rates through energy provider Korem, which follows earlier specific taxes on miner electricity consumption.
Awash with cheap electricity, Kazakhstan saw a flood of miners following China's ban on crypto. Following widespread protests over high fuel prices that led to political crackdowns including an
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