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Kazakhstan Implements Stricter Regulations Following FTX Fallout

Apr 1, 2024

Kazakhstan has announced plans to tighten regulations on the crypto industry after the FTX scandal, aiming to bring cryptocurrency mining more under state control. The country, known for its favorable conditions for crypto miners, is now requiring state licenses for mining operations and mandating that a significant portion of coins produced be traded through registered platforms. The move is intended to prevent future scandals and ensure the stability and integrity of digital asset trading within Kazakhstan's borders.

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