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Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners
3.10.2021
The government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More...
Kyrgyzstan reportedly introduces regulations for crypto exchanges
25.8.2021
The new regulatory framework aims to bring the legal status to cryptocurrency exchanges in Kyrgyzstan
Kyrgyzstan Seizes 2,000 Cryptocurrency Mining Devices
28.5.2021
Law enforcement authorities in Kyrgyzstan have confiscated thousands of crypto mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators have also identified industrial enterprises that have been supplying the bitcoin farms with electricity....
Former gov't official blames crypto mining for energy crisis in Kyrgyzstan
28.4.2021
As the Kyrgyz government discusses raising electricity tariffs again, a former official says that crypto mining is a significant driver of the ongoing energy crisis
Kyrgyzstan central bank plans to introduce licenses for crypto exchanges
12.2.2021
The central bank of the Kyrgyz Republic wants to provide crypto investors with the same level of protection that is already in place in traditional finance
Kyrgyzstan Has Proposed Its First Regulatory Framework for Crypto
8.1.2021
Kyrgyzstan's central bank wants to regulate cryptocurrency – licensing exchanges and barring its use in payments
Kyrgyzstan's central bank opens up crypto draft laws to public discussion
6.1.2021
The central bank of The Kyrgyz Republic has drafted regulations that recognize cryptocurrency exchanges in the country for the first time
Kyrgyzstan Central Bank Is Set to Introduce Bills to Monitor Crypto Exchanges Activities and Forcing Them to Apply for Permits
6.1.2021
The National Bank of the Kyrgyz Republic (NBKR) revealed its new-year plans for the national crypto industry. They are about to introduce two drafts to regulate the country’s exchanges that aim to combat terrorism, money laundering, and protecting consumers. Kyrgyzstan Central Bank Set...
Kyrgyzstan's central bank developing draft law for cryptocurrency industry
16.11.2020
Solid crypto regulations would be a long time coming for Kyrgyzstan
Kyrgyzstan's acting president claims blockchain can ensure fair elections
20.10.2020
Can a technological fix really combat a corruption-ridden political order?
Massive Protests Led to Suspension of SWIFT and Banking Activities in Kyrgyzstan
9.10.2020
Kyrgyzstan has suspended the SWIFT system and recommended that banking activities be halted until the severe political unrest in the country stabilizes. Massive protests broke out after parliamentary elections as the opposition stormed government buildings and forced the prime minister to resign....
Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow
7.10.2020
The bank is shutting down the SWIFT network as protests rocked the country
China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report
20.8.2020
The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s...
Authorities Find Illegal Bitcoin Mining Farm in Kyrgyzstan Free Economic Zone
7.8.2020
Government authorities and executives at Free Economic Zone “Bishkek” are reportedly involved in running a large-scale illegal mining farm
Kyrgyzstan Poised to Legitimize Crypto Mining
5.6.2020
Kyrgyzstan’s parliament is deliberating on a tax regime for miners that would be the country’s first regulated framework for crypto activities
3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners
12.2.2020
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable...
From Health Care to Mining, Central Asia Stays on the Blockchain Beat
12.12.2019
Crypto and blockchain adoption appears to be gathering steam in Central Asia
Kyrgyzstan Cuts Off Power to 45 Crypto Miners for Overconsumption
20.9.2019
Kyrgyzstan cuts off power to 45 crypto mining firms as they consumed more energy than three local regions combined
28 Bitcoin Mining Firms Faced Power Supply Suspension in Kyrgyzstan
13.9.2019
Water being the lifeblood of an array of crucial activities, both personal and industrial, has been a raging concern in modern times as it faces crisis globally. Misuse of water and drastic seasonal imbalances affecting available water resources have raised a serious question on humankind....
Kyrgyzstan Proposes a Law to Tax Cryptocurrency Mining After Banning The Same In 2014
1.9.2019
According to reports from the regional news outlet Kabar, the Ministry of Economy of the Kyrgyz Republic has submitted a draft law “On Amending the Tax Code”. The law will introduce taxes on cryptocurrency mining activities. Back in July 2014, the central law authority of the country had explicitly...