China's Bitcoin mining ban positively affects Kazakhstan

Uğur Bayram

Aug 17, 2021

As it is known, China was the global leader in mining before the crypto mining ban, but after the bans, crypto mining companies were forced to shut down.

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As it is known, China was the global leader in mining before the crypto mining ban, but after the bans, crypto mining companies were forced to shut down. On top of that, companies migrated to various countries.
Various countries and companies have started to support crypto miners for miners. BTC.TOP stated that they will move their platform to the USA and said:
“In the long run, nearly all Chinese crypto mining platforms will be sold overseas as Chinese regulators suppress mining domestically [...] Eventually, China will lose its crypto computing power to foreign markets as well.”
While the US is a good choice for companies, Kazakhstan is currently in third place globally and will move up to second as China moves away from the industry.
Kazakhstan has officially legalized crypto mining and offered the lowest tax rates to diversify the Kazakhstan economy and develop the cryptocurrency sector.
The Chinese crypto mining company chose Kazakhstan to transfer its businesses.
By miners, Kazakhstan could be the future crypto-mining country.
The number of miners in Kazakhstan and other countries increased due to the crypto mining bans made by China.
And this situation seems to be positive for Kazakhstan.

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