Legislators in Kazakhstan have approved new regulations for bitcoin mining.

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The nation’s legislators have approved the “On Digital Assets of the Republic of Kazakhstan” bill and other regulations pertaining to cryptocurrency mining.

The Mäjilis, or lower chamber, of the Kazakhstani Parliament approved the four measures.

After the Chinese miner exodus and limitations, Kazakhstan has developed into one of the most popular and favored sites for cryptocurrency mining activities due to the low cost of power.

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