The central bank of Kazakhstan has submitted proposals to its government to restrict some cryptocurrency-related activities. The central bank’s chairman, Daniyar Akishev, said at a press conference in Astana on Wednesday that this is “to protect the public from speculative risks". Akishev said on Wednesday that the bank and the government are “developing an approach to the issuance and circulation of cryptocurrencies.” This reiterates his statement last week that amendments to the legislation will be developed to regulate them and that currently their legal status has not been determined. But experts said that bannin mining itself is virtually impossible and does not carry risk for a coutnry.
Do Kazakhs mined bitcoin though? I'm not familiar and never heard that someone from their is doing mining. I think is this is a good move from their government by putting regulations on crypto. I think Kazakhs are very active in crypto maybe I just didn't know about them. Because when the government wants to regulate, its a sign that their citizens are heavily invested on it and having a regulation is like saying that yes you can go trade or whatever you want with your crypto, however we are going to monitor your activity. This is better than a total ban.
