2 years ago
Kazakhstan's crackdown connected amerciable crypto mines has forced different 106 miners to halt operations, according to a authorities statement today.
Following investigations by the country's fiscal monitoring bureau and different authorities bodies, 55 of the mines closed voluntarily and 51 wherever forced to unopen down, the connection said. The 51 are suspected of taxation and customs evasion and placing instrumentality successful peculiar economical zones without permission, according to the statement.
The inspections revealed that immoderate notable governmental and concern figures were progressive successful crypto mining. According to the connection they included Bolat Nazarbayev, the member of erstwhile President Nursultan Nazarbayev; Alexander Klebanov, the president of Central Asian Electric Power Corp., which provides energy to much than 2 cardinal people, according to its website; and Kairat Itegmenov, listed by Forbes arsenic Kazakhstan's 17th-richest man.
The cardinal Asian state has been dealing with terrible energy shortages since autumn 2021, successful portion owed to an influx of crypto miners from China, but besides due to the fact that of infrastructure failures. The authorities has decided to ace down connected amerciable mines to woody with the vigor problems.
In total, the fiscal monitoring bureau has opened 25 transgression cases and seized 67,000 machines valued astatine 100 cardinal Kazakh tenge ($193 million), according to statement.
In precocious February, the authorities said it busted 202 megawatts worthy of amerciable crypto mines.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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