Dear readers,
Since 1 April 2023, the Law No. 193-VII “On the Digital Assets in the Republic of Kazakhstan” dated 6 February 2023 has been put into effect (hereinafter, the “Law on Digital Assets”).
According to the Law on Digital Assets, digital miners carry out their activities in accordance with licenses on digital mining activities. The license is issued for the following subspecies:
I subspecies – implementation of digital mining activities on the right of ownership or other legal grounds of the digital mining data processing center;
II subspecies – the implementation of digital mining activities that do not have a digital mining data processing center on the right of ownership or other legal grounds and carry out digital mining using the software complex on the right of ownership located in the data processing center.
This license is issued for a period of 3 years.