1 year ago
The Majilis person approved the caller measure “On Digital Assets of the Republic of Kazakhstan” governing the regularisation of crypto assets alongside 4 different crypto mining regularisation bills successful Kazakhstan.
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New crypto regulations successful Kazakhstan. Again.
The Majilis approved the measure "On Digital Assets of the Republic of Kazakhstan", arsenic good arsenic 4 related bills connected the regularisation of integer mining successful Kazakhstan
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— Didar (@didar_bekbau) December 7, 2022
The projected regulations successful Kazakhstan regarding integer mining and the usage of cryptocurrencies look to beryllium aimed astatine providing a much structured and controlled model for the mining, and usage of cryptocurrencies wrong the country.
The projected measures see the instauration of licensing for integer miners, arsenic good arsenic caller taxes connected firm income, and value-added taxation for individuals conducting transactions with cryptocurrencies.
Additionally, the circulation of cryptocurrencies and the activities of crypto exchanges volition stay prohibited connected the territory of Kazakhstan, with specified operations allowed lone nether an experimental ineligible authorities with a licence from the Astana International Financial Centre (AIFC).
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It is planned to present a prohibition connected advertizing of cryptocurrency transactions, and for secured assets a peculiar process for its regularisation has been introduced, by analogy with securities.
— Didar (@didar_bekbau) December 7, 2022
Ekaterina Smyshlyaeva, Deputy of the Majilis Committee connected Economic Reform and Regional Development said:
“The bill, successful summation to mandatory accreditation, introduces abstracted requirements for mining pools successful presumption of the determination of their server capacities successful Kazakhstan and compliance with accusation information rules,”
Miners volition present beryllium capable to acquisition energy from the communal powerfulness grid lone successful circumstances wherever determination is simply a surplus and solely done the KOREM exchange.
In an auction for energy wherever the highest bidder wins, lone those astir financially unchangeable volition yet summation entree to the powerfulness grid’s surplus of electricity.
Furthermore, it is besides projected that a prohibition connected advertizing of cryptocurrency transactions beryllium introduced.
The station The Majilis o.k. caller crypto regularisation measure successful Kazakhstan appeared archetypal connected CryptoSlate.
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