Article 8. Digital mining activities of the Law on Digital Assets in the Republic of Kazakhstan

Home / RLA / Article 8. Digital mining activities of the Law on Digital Assets in the Republic of Kazakhstan

1. Digital mining activities are carried out by a digital miner through a digital mining pool using a digital mining data center.

2. Digital miners carry out their activities in accordance with licenses for digital mining activities.

3. The owner of the unsecured digital assets resulting from digital mining is a digital miner.

4. In the case of the sale of digital assets obtained as a result of digital mining in the territory of the Republic of Kazakhstan, such digital assets are subject to mandatory sale through digital asset exchanges licensed by the Astana International Financial Center in the amount of at least seventy-five percent in accordance with the rules for submitting information on the income of digital miners and digital mining pools for tax purposes..

5. The implementation of digital mining activities on the territory of the Republic of Kazakhstan is allowed to individual entrepreneurs, legal entities of the Republic of Kazakhstan and does not relate to the issue and turnover of unsecured digital assets.

6. It is prohibited to carry out other activities not related to digital mining, as well as the acquisition of shares in the authorized capital or shares of legal entities, the creation and participation in the activities of non-profit organizations, with the exception of membership in a self-regulatory organization and the National Chamber of Entrepreneurs of the Republic of Kazakhstan.

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