The Kazakh government proposes to limit the development of new mines with a total capacity of 100 MW across the country.

According to the news on the 10th, due to government regulations in the crypto industry in Central Asian countries, crypto miners operating in Kazakhstan are looking for market growth in the United States and Russia.

Denis Rusinovich, co-founder of CMG Cryptocurrency Mining Group and Maverick Group, said: In terms of usable capacity, the entire Kazakh market is full, adding that he is determined to expand its business in Russia.

In October, the government announced the development of cryptocurrency mining in Kazakhstan, limiting the development of new mines to a total of 100 megawatts (MW) nationwide.

As previously reported, Kazakhstan's Energy Ministry announced on October 22 that it will inspect cryptocurrency mining operations for miners with a capacity of 5 MW or more. , the period is 2 years. At the same time, the use of electricity for crypto mining activities in Kazakhstan is limited to 100 megawatts to avoid shortages. These models were announced on October 1 and went into effect 60 days from the date of publication.