Kazakhstan introduces strategic digital mining mechanismKazakhstan's Ministry of Artificial Intelligence and Digital Development has approved rules for strategic digital mining, the ministry said."The new mechanism is designed to create additional incentives for large-scale digital mining investment projects, boost the industry's investment appeal and further develop Kazakhstan's digital asset sector," the ministry said in a statement Saturday.Participation in the strategic digital mining program is voluntary.Only digital mining entities that meet the requirements set out in the rules and submit an application will be eligible for strategic digital miner status.Applications will be reviewed by a commission at the ministry, with representatives from relevant government agencies, to ensure transparency and objectivity. Decisions will be based on a comprehensive review of submitted materials."Companies granted strategic digital miner status will be able to sign direct power purchase agreements with electricity producers for up to 10 years at rates no higher than the statutory ceiling. Program participants will contribute to the National Strategic Crypto Reserve not 10% of all mined digital assets, but 10% of assets remaining after deducting electricity purchase and transmission costs," the ministry said.The National Strategic Crypto Reserve will be built without state funds, the ministry said."The reserve will be replenished solely through the voluntary participation of strategic digital miners, enabling the government to build a strategic stockpile of digital assets," the ministry said. (ICE ALMATY)

Fonte notizia: INTERFAX