Association law

Statement on the problems of the local blockchain association of Kazakhstan

NUR-SULTAN, Kazakhstan, November 09, 2021 (GLOBE NEWSWIRE) – The National Association of the Blockchain and Data Center Industry (NABDC), Kazakhstan’s leading industry trade association dedicated to promoting the adoption and advancement of blockchain technology, released a public statement regarding the state of mining regulations of bitcoins in the country.

Alan Dorjiyev, who is president of the Association, said: “The illegal mining of Bitcoin is bad for our country. We are happy to see local authorities shutting down those who do not follow local laws and regulations. While many illegal miners have in recent months, many Bitcoin mining companies have been operating in the country for many years and fully comply with all laws, pay their taxes and provide local jobs. to our local economy, and we believe Kazakhstan will continue to serve as a much sought-after home for Bitcoin miners keen to follow the rules. The future of Bitcoin mining in Kazakhstan is bright. “

After China banned Bitcoin mining earlier this year, many Bitcoin mining operations moved to Kazakhstan, which is a reported 18.1% of the global Bitcoin network and has taken a pro-Bitcoin stance in recent years, with President Kassym-Jomart Tokayev sign a law in june which introduced a formal tax for crypto mining in Kazakhstan. Commenting on the recent discussion, a statement posted on the government’s website, noted: “Kassym-Jomart Tokayev also called for urgent legislative regulation of mining, stressing that so-called ‘white’ miners will continue their activities without further restrictions.”

“From day one, we have worked closely with the Ministry of Energy and the Ministry of Digital Development, and we continue to do so today. We are proactively working with them to create a fair and transparent market where those who follow the rules are able to function while those who don’t will be forced to close their doors, ”Dorjiyev said.

About the National Association of the Blockchain and Data Center Industry

NABDC is a voluntary association of legal entities, established with the aim of developing and popularizing the blockchain and data center industry in the territory of the Republic of Kazakhstan and abroad, representing the interests of enterprises developing these technologies in public institutions, the parapublic sector, local businesses and internationally.

To learn more about the NABDC, please visit: https://nabdc.kz/fr

Contact: [email protected]

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