Kazakhstan’s parliament voted for a bill on cryptocurrency exchanges and mining

In late September, Kazakh President Kosym-Jomart Tokayev announced his country’s readiness to legalize cryptocurrency transactions. Exchanges within the special economic zone can open accounts in banks of the country.
On the eve of the Majilis of Kazakhstan (the lower house of parliament) voted for a bill on the regulation of mining and bitcoin exchanges. This document was submitted to the legislative body by the presidential administration.
The bill introduces licensing of cryptocompanies, including cryptocurrency mining companies. To stimulate the growth of trading, the authorities plan to oblige miners to spend up to 75% of virtual currency through cryptocurrency exchanges registered in the domestic market.

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