Kazakhstan is in talks to attract investments worth $714 million in cryptocurrency mining projects
Kazakhstan is in talks to attract investments worth $714 million into the cryptocurrency sector, Digital Development Minister Bagdat Mussin said on Wednesday, according to Reuter on Sept 2.
Kazakhstan claims to account for 6% of global cryptocurrency mining.
The country passed legal amendments in June clarifying the regulation and taxation of cryptocurrency mining that it hopes will boost its oil-dominated economy, which can offer relatively cheap electric power for the energy-hungry business.
“More than 80 billion tenge ($190 million) has been invested in the sector,” he said.
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