Kazakhstan stabilizes state claims, while crypto-miner look into the future of the country-mining Bitcoin messages
Kazakhstan stabilizes state claims, while crypto-miner look into the future of the country-mining Bitcoin messages
The situation in Kazakhstan, which was hit by protests against the government in the first week of the year, normalizes the central authorities. The massive crypto mining industry in the country, which was confronted with an Internet blackout in addition to the civic riots in addition to lack of electricity, now hopes that the country will still be an attractive location for miners.
President Tokayev has the nation under control
After days of unrest, the competitive government of Kazakhstan's President Kassym-Jomart Tokayev says that the country has now stabilized. The law enforcement agencies have recaptured all the administrative buildings attacked by demonstrators, municipal institutions are being restored, officials informed the head of state on Sunday at a meeting, according to a published explanation.
The unrest in Kazakhstan began on January 2 with demonstrations in the western province of Mangistau against the massive increasing prices for natural gas and other fuels political protests devour the Central Asian republic. An unconfirmed number of people died in the collisions and 5,800 people, including foreigners, were arrested, said official sources.
TOKAJEW is said to have emphasized that the security forces will take all the necessary measures to fully restore public law and public order in the country, the Russian news agency Interfax reported. The President has ordered a government special commission to deal with the consequences of the unrest in the affected regions.
Despite the challenges, crypto-miner see the future in Kazakhstan
with its low, limited electricity tariffs and the generally positive attitude towards the crypto industry, Kazakhstan moved to Since May 2021. Bitcoin-Hashrates increased by over 18%, but was for one growing electricity deficit that exceeded 7 % in the first three quarters of last year.
According to the Data Center Industry and Blockchain Association of Kazakhstan ( nabcd ), the two thirds of the legal miner in the country, the unrest does not have the regions in which official crypto mining companies are working affected. The latest decline in the Bitcoin Hashrats was caused by the temporary internet failures, the industry organization said in a press release provided by Coinstelegram and insisted that the current situation on the sector and crypto prices only act in a short term. NABCD President Alan Dorjiyev commented:
The companies, members of the association, are currently working as usual. We are committed to ensuring that the social responsibility of the economy makes a positive contribution to the life of the residents of the regions in which the data centers are located.
"From a strategic point of view, Kazakhstan will remain one of the most attractive areas for the development of cryptocurrency mining," believes the NABCD. She assures that you now maintain the dialogue with the responsible government agencies and announced that previously imposed restrictions on the power supply for legal mining companies have been relaxed. The message comes according to A test report unveiled that some mining companies have started due to power failures, equipment from the country transport.
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