Prepare for turbulence. Kazakhstan, which boasts the second-largest Bitcoin mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests.
) mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests.Wednesday that Kazakhstan was “in the midst of a nation-scale internet blackout after a day of mobile internet disruptions and partial restrictions.” According to the data, the normalized network connectivity in Kazakhstan fell to 2% on Wednesday.
“The incident is likely to severely limit coverage of escalating anti-government protests,” NetBlocks noted.Kazakhtelecom, the largest telecom company in Kazakhstan, has shut down the internet across the nation, according to someKazakhstan’s ongoing internet outage comes after the Kazakhstan governmentamid protests that were sparked over a sharp rise in fuel prices.
According to some analysts, the protests are also a response to the lack of democracy in the country. “Young, internet savvy Kazakhs, especially in Almaty, likely want similar freedoms as Ukrainians, Georgians, Moldovans, Kyrgyz, and Armenians, who have also vented their frustrations over the years with authoritarian regimes,” Tim Ash, emerging market strategist at BlueBay Asset Management, said.
The protests have taken a violent turn, with reports of sustained gunfire between protestors and state security organs, including the police and the national guard.
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