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Kazakh authorities want to earn $ 750 million on mining

Karolina Salinger


Mining farms have already brought Kazakhstan investments of 82 billion tenge (over $ 200 million). In the future, this figure will increase significantly, said Minister of Digital Development, Innovation and Aerospace Industry Askar Zhumagaliev, LS reports .

According to him, at present, there are 14 mining farms operating in Kazakhstan. The Minister noted the "great potential" of the industry:

“According to our report, which we prepared together with international experts, another 300 billion tenge in the form of digital investments and the development of mining as a whole are expected over the next three years.”

Zhumagaliev also said that cryptocurrency and mining are “ terms that are part of our ordinary life.”

Recall, the new bill regulating digital technologies in Kazakhstan, in fact, legalizes the extraction of cryptocurrencies and secures the ownership of the mined digital assets for the miners.

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