Cryptominers in Kazakhstan must register their operations with the authorities without fail. All miners will be required to provide business registration details as well as personnel information, the power they consume or plan to consume, IP addresses used, planned investments, location of the mining farm, equipment used, and a copy of the cargo customs declaration or a document confirming, that they have received the equipment legally, technical conditions for connection to the electricity supply and confirmation that the persons involved are residents of Kazakhstan. This is stated in the official order .
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New miners must submit information 30 days prior to commencement of operations, and all mining farms that close must report this to the authorities within 10 days of termination. Active miners are required to submit up-to-date information every quarter.
The regulation is an addition to the order of the Ministry of Digital Development, Innovation and Aerospace Industry of October 2020. The order was signed on 29 April.
Alan Dorzhiev, president of the Kazakhstan Association of the Blockchain and Data Center Industry, told CoinDesk that this is the first step “on the road to officially approving power supply to data centers for legal mining.” The national grid operator cut power to miners in January as Kazakhstan grapples with a power shortage caused in part by an influx of crypto miners. Many of them work illegally.
In March, the country’s authorities announced the closure of 106 mining farms and the confiscation of 67,000 pieces of equipment worth $193 million.
