Cryptocurrency miners operating legally in Kazakhstan will continue to be supplied with electricity uninterruptedly.
According to the Astana Times report, Energy Minister Magzum Mirzagaliyev announced that there will be no restrictions on the energy consumption of cryptocurrency miners in Kazakhstan.
Meeting with representatives from the private sector, government officials agreed that there should be no power cuts to mining facilities, speeding up legislative preparations, and working towards projects based on renewable energy.
Minister of Energy, legally operating cryptocurrency miners from other businesses to be kept apart stating that it should “Given the high potential that the blockchain industry has, it is important to work together to develop this industry.” said.
Kazakhstan Blockchain and Data Center Industry National Association annually contributes the blockchain industry to the country’s economy. 127.5 billion tenge (2.9 billion lira) He speculates that he contributed.
Aiming to prevent imbalances in the energy sector, the government illegal mining It will take some measures to stop the organizations doing it.
Five years after the annual contribution of the mining sector to the economy of Kazakhstan can reach 500 billion tenge is estimated.