News with the tag "Kazakhstan"

Central Asia, particularly Tajikistan and Kazakhstan, is experiencing a surge in illegal Bitcoin mining operations, causing significant damage to national energy infrastructures and prompting government action.

Kazakhstan-based Fonte Capital is launching Central Asia's first spot Bitcoin ETF, which will start trading on August 13 under the ticker BETF, regulated by the Astana International Financial Centre (AIFC).

Kazakhstan’s Fonte Capital has launched Central Asia’s first spot Bitcoin ETF, BETF, which will trade on the Astana International Exchange, offering regulated, physically backed bitcoin access to investors.

Kazakhstan authorities uncovered an illegal electricity scheme involving crypto miners, leading to significant financial losses and a crackdown on digital mining activities.

The National Bank of Kazakhstan (NBK) is exploring the inclusion of alternative assets, such as cryptocurrencies, in its national reserve portfolio, following examples from other countries, as part of its growing crypto initiatives.

Kazakhstan is considering moving part of its national wealth into cryptocurrencies, following the example of other sovereign funds, while also tightening oversight on unlicensed crypto activities.

The National Bank of Kazakhstan plans to establish a cryptocurrency reserve, involving assets from state-participated companies, following a model similar to the U.S.

Kazakhstan's central bank is developing a sovereign crypto-asset reserve, potentially including confiscated and government-mined cryptocurrencies, while maintaining strict regulatory measures against unlicensed crypto activities.

Kazakhstan's National Bank is developing a national crypto reserve using seized assets, aiming to mitigate volatility and security risks while expanding the country's involvement in the crypto industry.

Kazakhstan is leveraging government-controlled crypto mining and confiscated assets to establish itself as a regulated digital asset hub, while also advancing strategic initiatives like the Solana Economic Zone and CryptoCity.