'Tacaím leis an idirphlé faoi fheirmeacha mianadóireachta crypto'

The Ministry of Energy hosted a meeting with the Kazakhstan Association of Blockchain Technologies, the Association of the Blockchain and the Data Center and Technology Industry, and representatives from the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan and KEGOC JSC. The parties discussed the issues of power supply for persons engaged in digital mining activities.

During the meeting, Minister Magzum Mirzagaliyev noted that mining farms that comply with the requirements of the law would not be subject to restrictions and disconnections from electricity. In return, the data centres of miners must carry out their activities without compromising the country's energy security.

According to the minister, entrepreneurs engaged in digital mining are the same business entities as representatives of other industries, and there should be no discrimination against them.

"Given the high potential of the blockchain industry, it is necessary to combine efforts for its further development. I am a supporter of dialogue; therefore, I call on the "white" miners to jointly search for solutions to ensure the reliability of the unified electric power system," M. Mirzagaliyev emphasized.

The heads of the associations said that they are ready to consider the possibility of purchasing not only domestic but also imported electricity and investing in the creation of new energy capacities, including renewable energy sources.

The Ministry of Energy proposed the Ministry of Digital Development to make changes and additions to regulatory legal acts to establish requirements and criteria for persons carrying out digital mining activities. This will allow identifying and taking action against "gray" miners who need to register and legalize their business to continue their activities.

"We have built a constructive dialogue with the Ministry of Energy, and we received all the answers to our questions that worried. Of course, as citizens of our country, we are also interested in the stability of the electric power system. We have made several proposals that will elaborate them jointly with government agencies in the near future," said Islambek Salzhanov, chairman of the presidium of the Kazakhstan Association of Blockchain Technologies.

Aiseolas

"The so-called 'gray' miners are basically those who hide the electricity consumption of digital mining behind other main activities. These farms are often located in those points where the growth in electricity consumption is unpredictable, for example, in settlements in the southern regions of Kazakhstan. It is necessary to fight with such "gray" miners; only through joint efforts of government agencies and associations can we achieve results," added Alan Dordzhiev, Chairman of the Association of the Blockchain and Data Center and Technology Industry.

It was noted that annually more than 127.5 billion tenge comes to the state budget from the blockchain technology industry. Within five years, the industry will attract investments in the amount of 500 billion tenge. Currently, Kazakhstan ranks second in the world in bitcoin mining with a share of 18.1% in the global hashrate.

Following the meeting, a joint Protocol was signed, according to which the parties agreed:
t=To prevent the introduction of electrical energy restrictions to the population, social facilities, and "white" miners in the event of a shortage of electrical energy and capacity in the Unified Electric Power System of the Republic of Kazakhstan;
to accelerate the consideration and adoption of a legislative act on the launch of a balancing market (demand-response), and;
to attract investments to develop new large renewable energy projects through the Settlement and Financial Center concerning "white" miners with a guarantee of electricity purchases (Off-take contracts) from them.

The parties expressed their readiness to continue joint work to stabilize the electricity market and create the necessary conditions for the development of digital mining as a new industry.

Comhroinn an t-alt seo: