The Russian government has started preparations to supply the electricity Kazakhstan needs for Bitcoin (BTC) and cryptocurrency mining.
The Russian government recently announced through official government sources that the electricity needed for crypto mining in Kazakhstan exportation stated that it would. The agreement was achieved by changing the terms of the already existing energy agreement between the two.
In the announcement, Russia’s only electricity export-import operator of Inter RAO As a result of commercial agreements to mining enterprises in Kazakhstan allowed to sell electricity specified. Kazakhstan experienced energy problems across the country due to the destruction of its energy infrastructure in January 2022. Crypto mining companies, where energy is the primary need and cost, had to close their businesses due to energy problems. Local resources are in this process. close to 200 stated that the mining operation has suspended its operations.
Russia and Kazakhstan continue to progress rapidly in the crypto money sector. Last week, Kazakhstan President Kasım Cömert Tokayev attended the Digital Bridge 2022 forum, where legislation related to cryptocurrencies was discussed. without slowing down indicated that it was continued. In addition, the country’s leading banks announced that they are investing in asset purchase and technology in the field of crypto money sector.
On the other hand, Russia crypto mining legalization It is working on which regions should allow crypto mining activities within the scope of the project. In this context, Russia stated that regions with energy capacity higher than the region’s needs will be prioritized.