Kazakhstan offers crypto amnesty as it seeks to bring billions in digital assets home
- When Kazakhstan became one of the world's largest crypto mining hubs five years ago, the boom strained the country’s power grid, and the government’s response resulted in most miners either leaving the country or going underground.
- Now the Kazakh government is looking to bring it all back home by offering tax breaks and legal certainty.
- The Kazakh government signed a decree designed to encourage citizens to declare cryptocurrency holdings, move them onto regulated domestic platforms and integrate digital assets into the country's economy.
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- When Kazakhstan became one of the world's largest crypto mining hubs five years ago, the boom strained the country’s power grid, and the government’s response resulted in most miners either leaving the country or going underground.
- Now the Kazakh government is looking to bring it all back home by offering tax breaks and legal certainty.
- The Kazakh government signed a decree designed to encourage citizens to declare cryptocurrency holdings, move them onto regulated domestic platforms and integrate digital assets into the country's economy.
Sources: Euronews