Alik Shpekbayev, the Chairman of the Anti-corruption Agency of the Republic of Kazakhstan, has called on the government to develop a national digital currency to fight corruption in the country. On July 21, it has been reported that the chairman said national digital currencies like China’s digital yuan should contribute to a more transparent financial system. However, according to the official, an implementation of the national digital currency should inevitably reduce trans
Kazakhstan officials have revealed that it will double its digital currency mining investment at the end of this year, and continues to develop its central bank digital currency. On July 1, it has been reported by the China Ministry of Commerce that Kazakhstan’s digital currency mining project attracted 82.6 million Tenge, which is about 20 million USD. The scale of this investment will increase by 80 million Tenge in 2020. However, Kazakhstan said that the development of blo
The lawmakers of Kazakhstan won’t be taxing cryptocurrency mining until the mined crypto is exchanged for fiat money. On Dec. 4 local business publication Kursiv reported that a legislative analyst at a local blockchain association said that cryptocurrency mining will not be treated as an entrepreneurial activity but rather a “purely technological progress.” The legislative analyst, Madi Saken, reportedly announced the news at a local blockchain event “Blockchain Day” on Dec.