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

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AI Fusion Summary

Kazakhstan is establishing a national strategic crypto reserve funded by its Bitcoin miners. This initiative, driven by President Kassym-Jomart Tokayev, aims to integrate the country's extensive mining industry into a regulated, state-supervised framework. A presidential decree from July 7 and a government resolution from July 18 define the structure. Furthermore, the government is tying the electricity access of crypto miners to their contributions toward this state reserve to ensure compliance and funding.
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