Kazakhstan Advances Energy Overhaul with Digital Mining Push

Kazakhstan promotes digital mining to upgrade energy and crypto infrastructure. Officials push to legalize crypto trading beyond AIFC for growth. Kazakhstan eyes regional blockchain leadership through new crypto-friendly laws. Kazakhstan is working to modernize its energy system and expand its role in the cryptocurrency market. The country is exploring digital mining as a way to boost both its energy and crypto sectors. Kanysh Tuleushin, the first vice minister of digital development, innovation, and aerospace industry, says that Kazakhstan can lead Central Asia in crypto if it makes its regulations less strict. Tuleushin explained how digital mining and better regulations could improve the economy in Kazakhstan. Kazakhstan Urged to Legalize Crypto Trading Beyond AIFC He pointed out that if Kazakhstan made it easier to trade digital assets, the consequences could be very big. If Kazakhstan lets digital asset ownership and crypto trading happen outside the AIFC, the country could be a major force in the global crypto market. Such a change would draw new investors and bring in a lot of money for the country. Tuleushin said that legalizing cryptocurrencies on a large scale could bring billions of tenge into the national budget, helping to improve things like education and healthcare. In addition, Tuleushin said that digital mining could be an important part of improving Kazakhstan’s energy network. He pointed out that by developing digital mining farms, Kazakhstan could renew its power stations through the use of petroleum gas for power. It would supply the electricity needed for crypto mining and cut back on Kazakhstan’s carbon emissions. Tuleushin explained that the U.S. uses crypto mining to take in extra power during hours when the grid has too much production. Under the ‘70/30 project’, foreign investors support the update of Kazakhstan’s thermal power stations, and these stations send 70% of their generated capacity to the national electric system and 30% to digital mining farms. Kazakhstan has made progress in digital mining in recent years. The country registered more than 400,000 mining devices and gave out more than 80 licenses for mining activities. Digital mining has given $34.6 million to the country’s tax revenue over the past three years. The amount of crypto trading through AIFC exchanges increased many times over, from $324.2 million in 2023 to $1.4 billion in 2024. In 2025, the government expects crypto miners to sell 75% of their mining output on AIFC exchanges, making the market more regulated. Kazakhstan Aims to Lead Region in Blockchain Innovation Kazakhstan’s attitude toward digital asset trading is still quite conservative. At present, digital assets are divided into two main groups, covers real estate or patents but not Bitcoin and Ethereum. Only the AIFC allows trading of non-covered assets, and most digital asset transactions happen with little oversight from the government. He thinks loosening some of the rules would help Kazakhstan attract strong global investors and grow the economy. In addition, the government is studying the possibility of founding a crypto bank that would take care of digital assets and oversee legal cryptocurrency deals. Azat Peruashev’s suggestion, introduced in the Mazhilis, is well supported by many government representatives now. Kazakhstan’s president, Tokayev, ordered improvements to the country’s cryptocurrency laws to better regulate the sector. Ultimately, Kazakhstan wants to bring new developments to both its power and crypto markets. If the right laws are established, Kazakhstan could take the lead in blockchain technology in its region and attract investment from around the world. Source: https://www.livebitcoinnews.com/kazakhstan-advances-energy-overhaul-with-digital-mining-push/