Kazakhstan to Let Crypto Exchanges Open Bank Accounts

Kazakhstan to let crypto exchanges open bank accounts. Bagdat Musin, the minister of digital development, voiced Kazakhstan’s aim to profit off crypto exchanges: "It is necessary to create a complete ecosystem, so the digital assets, that have been mined using Kazakhstan’s electric energy, would be traded at the local exchanges to the maximum extent and the profit would stay in the country." Previously, the Kazakh parliament passed in the first reading the amendments to the national tax code to impose a crypto mining tax tied to the electricity prices consumed by mining entities.