Kazakhstan To Establish Legal Framework For Bitcoin, Crypto: Report

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The legislation seeks to establish clearer guidelines for mining, taxes and licensing for service providers such as exchanges in the region.Kazakhstan plans to release a legal framework for the regulation of bitcoin and cryptocurrencies, per a report from Russian media outlet Tass. "Deputies of the Majilis of the Parliament have developed a sectoral bill on digital assets of the Republic of Kazakhstan and four related bills as a legislative initiative,” said Ekaterina Smyshlyaeva, a member of the Committee on Economic Reform and Regional Development of the Mazhilis.The initiative is bei ...

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