Kazakhstan’s government approved fresh regulations on July 18 targeting large-scale cryptocurrency mining. These rules will come into effect on August 1 and require strategic miners to connect their electricity consumption to contributions toward a state-controlled crypto reserve.
Only miners with facilities exceeding 150 megawatts qualify under the strategic category. They need to meet strict performance standards, maintain skilled technical teams, have repair services in place, and multiple internet channels before receiving approval.
Approved operators must buy electricity from specific suppliers and transfer a portion of their mined digital assets to Astana Hub. The assets will then be managed by a state investment firm under Kazakhstan’s National Bank.
This measure ties private mining activity closely to national economic goals and reinforces Kazakhstan’s ambition to become a hub for industrial crypto mining backed by clear regulation and government supervision.
Kazakhstan’s approach to digital asset oversight follows a broader trend in the region to tighten control while fostering growth in blockchain technology. The introduction of this reserve allows the country to hold digital assets and invest in blockchain companies and related financial instruments.
