Kazakhstan formalizes reporting regime for cryptocurrency miners

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Kazakhstan formalizes reporting regime for cryptocurrency miners
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Kazakhstan's Ministry of Digital Transformation publishes its registration and reporting requirements for crypto miners.

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

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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