Crypto

Kazakhstan Moves to Build a National Crypto Reserve Funded by Bitcoin Miners

Bitcoin Magazine Kazakhstan Moves to Build a National Crypto Reserve Funded by Bitcoin Miners Kazakhstan has laid out a plan to build a national strategic crypto reserve fed by its bitcoin miners, part of a two-step push by President Kassym-Jomart Tokayev to pull the country’s large mining industry

Source: Bitcoin Magazine

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DW NOTE

Kazakhstan just announced it will seize part of every miner's output in exchange for subsidised electricity on 10-year contracts. Call it what it is: nationalisation by tariff bribe. The state gets a sovereign reserve funded by private capital, and miners get the privilege of paying for it with their own coin.

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Kazakhstan Moves to Build a National Crypto Reserve Funded by Bitcoin Miners

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