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The Astana International Financial Center representative highlighted why crypto-mining companies are to migrate to Kazakhstan.

Strict restrictions by the government led to all crypto-companies leaving or leaving locations once ranked first in crypto-monetary mining.

That is why some countries are struggling to favor these threatened mining farms and seek to move them into their territory.

A representative of the financial hub of the AIFC, who provided information to a Chinese reporter, explained why these enterprises had to come to Kazakhstan.

First, the AIFC representative adds that all AIFC registered crypto firms have access to local legal protection and affordable electricity.

Other crucial elements such as an adequate continental climate with cold and windy weather or supportive legislation are also involved.

Kazakhstan has recognized Bitcoin as a digital asset last year, which, like other products, maybe traded, enabling favorable regulatory laws to be created.

The AIFC itself confirms the crucial role mining businesses have played in creating an IT park where resident data centers do not have to pay a fee other than one percent annual fee.

Kazakhstan presently has a capacity of 1,685 MW and can provide 116 power plants for producing renewable energy. Kazakhstan is likewise predicted to reach one-half of the country’s overall renewable energy consumption by 2050.

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