Kazakhstan and Uzbekistan have introduced new regulations for cryptocurrency mining. The changes indicate anxieties over the technology’s grid-busting electricity consumption. Kazakhstan has added reporting requirements for existing investors in the sector, with would-be miners expected to produce a detailed plan before getting the green light.
In Uzbekistan, the new rules aim to boost renewable energy, while also, like Kazakhstan, punishing illegal farms. In both cases, the changes entered force in late April, but were reported…Is Central Asia’s Crypto-Mining Boom Going Bust?
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