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Kazakhstan becomes world’s second largest crypto miner after Chinese ban

December 12, 2021
Source: laprensalatina.com laprensalatina.com
News Snapshot:
[Business & Economy] Kazakhstan becomes world’s second largest crypto miner after Chinese ban Nur-Sultan, Dec 10 (EFE).- Kazakhstan has gained ground in cryptocurrency mining to become the second largest producer in the world, after China, which was the largest, banned the activity, forcing mining companies into exile. “This is due to the actions of the Chinese government, which banned cryptocurrency mining and markets. This led to a large number of mining farms moving from China to Kazakhstan,” Sapar Akhmetov, a representative of the Association of Blockchain Technologies in the Central Asian nation, told Efe. Cambridge University’s Center for Alternative Finance...
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Tags: ban | bitcoin | blockchain | boycott | Business | China | Chinese | crypto | cryptocurrency | currency | Economy | finance | fintech | government | IT | Kazakhstan | LED | power | production | Russia | shipment | social media | Twitter | United States

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