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ARTICLE · 01 JULY 2021

Crypto Hunger In Kazakhstan: To Bitcoin Or Not To Bitcoin?

Unicase Law Firm
Unicase Law Firm
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Unicase Law Firm

Unicase Law Firm

Unicase is a leading full-service law firm with offices in Almaty, Astana and Tashkent. The brand...

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Recently definition of mining has drastically changed into something else. Today, when people hear mining, they do not think about an extraction of ore and minerals but they think about a complex...

KazakhstanTechnology

Recently definition of mining has drastically changed into something else. Today, when people hear mining, they do not think about an extraction of ore and minerals but they think about a complex process performed by high-powered computers that solve compound computational mathematical equations. Bitcoin, Ethereum, Ripple and even meme-based-crypto coins like Dogecoin are widely discussed in private jets and dinner parties of elite businessmen. 

Some people may raise the question, how does a third world country connect to complex computers and billion-dollars cryptocurrency trend? The answer is simple. A mix of cheap electricity and allegiance of lawmakers attracts big players from Western countries who have already sharpened their teeth for a new cash cow.

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