Kazakhstan formalizes reporting regime for cryptocurrency miners


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Kazakhstan’s government has published its rules for cryptocurrency miners to report their activities. 

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An April 29 order from the Kazakh Ministry of Digital Development codifies registration and reporting requirements for cryptocurrency miners in the country. 

The order requires new miners and hosting centers to register company names as well as physical and IP addresses and contact information for responsible parties 30 or more days before beginning operations. Those reports also require expected power usage, hardware requirements and investment.

Miners will also have to show proof of residency in Kazakhstan. The order also mandates quarterly updates on this information from existing miners. Crypto miners looking to end their operations will also need to report that they have done so.

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The ministry began implementing these registration requirements in the winter amid energy shortages across Kazakhstan at the end of last year. This involved seizing mining equipment operating outside of this registration. 

The recent order does not appear to be a new regime, but rather a codification of existing practice.

After China clamped down on its local crypto mining industry at the beginning of 2021 — which up to that point was by far the world’s largest — Kazakhstan saw a rush of cryptocurrency miners. 

Read the full order below: 

   Kazakhstan Miner Registration by Mike McSweeney on Scribd

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