PANews, July 23 — According to Report.az, the government of Kazakhstan has approved the 'Rules for the Implementation of Strategic Digital Mining,' granting enterprises a 10-year eligibility to receive electricity quotas from energy producers at capped tariff rates. As a condition for obtaining these quotas, companies must transfer a portion of their mined cryptocurrency to the Astana Hub autonomous cluster fund, after which these assets will be entrusted to the National Investment Corporation, a subsidiary of the National Bank, for fiduciary management to bolster the nation’s strategic cryptocurrency reserves. Operators participating in strategic digital mining must submit applications through the E-licensing database for review and approval by a dedicated committee. Upon approval, digital miners must sign an agreement with the Astana Hub autonomous cluster fund and execute a power purchase agreement with an energy-producing organization within five business days.
Kazakhstan has approved strategic rules for digital mining, requiring mining companies that receive electricity quotas to allocate a portion of their mining output to the national reserve.
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