Kazakhstan proposes criteria for Bitcoin mining

Regulation of miners’ activities in Kazakhstan needs to be supplemented with specific criteria. This was stated by a deputy of the local Mazhilis Dusenbay Turganov, report local media.

He noted that since 2020 mining in Kazakhstan has been entirely legal, but authorities continue to crack down on uncontrolled electricity consumption for cryptocurrency mining.

‘Against the backdrop of an impending electricity shortage, the public forms a distorted view of digital mining as the culprit of the energy crisis, and it creates the impression that the state is not addressing this issue adequately,’ Turganov says.

The deputy noted that since 2020 mining in Kazakhstan has been entirely legal, yet authorities continue to crack down on uncontrolled electricity consumption for cryptocurrency mining.

‘Authorized state bodies must intensify work to identify the so-called ‘gray’ miners and curb their illegal activities,’ Turganov stressed.

He urged developing criteria for miners’ activities, and, at the legislative level, involving them in the development of renewable energy sources.

In the deputy’s view, the potential of cryptocurrency-mining companies can be used in balancing the imbalances in Kazakhstan’s Unified Energy System and in attracting additional investments in the energy sector.

Earlier, Kazakh lawmakers discussed the creation a registry of mining farms and higher electricity tariffs for miners.

In late September, energy minister Magzum Mirzagaliyev proposed to limit the consumption of data centers for cryptocurrency mining in the event of electricity shortages.

In June, Kazakh President Kassym-Jomart Tokayev signed a law introducing an additional mining fee.

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