The post Kazakhstan Deregulates Crypto Mining; Eyes $1B Reserve by 2026 appeared on BitcoinEthereumNews.com. President Tokayev signed a law allowing crypto mining and circulation outside the AIFC. Miners are no longer required to route sales through AIFC exchanges, ending a monopoly. The move supports plans for a $1 billion national crypto reserve to launch by 2026. Kazakhstan’s President Kassym-Jomart Tokayev has signed into law the legislation that permits crypto mining and circulation outside the Astana International Financial Center (AIFC). According to reports, the new law is part of Kazakhstan’s effort to expand its regulatory framework for digital assets.  Related: Kazakhstan Plans $1 Billion Crypto Reserve Fund To Invest In ETFs, Not Coins Ending the AIFC Monopoly: Miners Gain Freedom The law dismantles the system where AIFC-based entities held preferential rights in mining and trading. It will take effect 60 days after publication. This deregulation arrives even as global energy markets tighten and U.S. scrutiny on mining power consumption grows.  The new rules grant individual entrepreneurs and legal entities the right to mine and circulate crypto assets. This permission is contingent on obtaining a required license. While the state now allows the circulation of unsecured digital assets, it has charged licensed providers with strict compliance oversight. New Data Privacy Standards for Crypto Transactions Under the new arrangement, cryptocurrency miners in Kazakhstan are no longer required to route most of their sales through AIFC-based exchanges. Such miners can transact with other independent trading platforms without restriction. Meanwhile, there is now a limit to the duration for processing personal data during crypto transactions. Banks and crypto exchanges can only retain consent for the period needed to fulfill the purpose of acquiring such. A Preparation for More National Crypto Moves It is worth noting that the latest revision of crypto mining regulation aligns with the nation’s broader crypto plans. Kazakhstan has earlier announced a proposal to create a… The post Kazakhstan Deregulates Crypto Mining; Eyes $1B Reserve by 2026 appeared on BitcoinEthereumNews.com. President Tokayev signed a law allowing crypto mining and circulation outside the AIFC. Miners are no longer required to route sales through AIFC exchanges, ending a monopoly. The move supports plans for a $1 billion national crypto reserve to launch by 2026. Kazakhstan’s President Kassym-Jomart Tokayev has signed into law the legislation that permits crypto mining and circulation outside the Astana International Financial Center (AIFC). According to reports, the new law is part of Kazakhstan’s effort to expand its regulatory framework for digital assets.  Related: Kazakhstan Plans $1 Billion Crypto Reserve Fund To Invest In ETFs, Not Coins Ending the AIFC Monopoly: Miners Gain Freedom The law dismantles the system where AIFC-based entities held preferential rights in mining and trading. It will take effect 60 days after publication. This deregulation arrives even as global energy markets tighten and U.S. scrutiny on mining power consumption grows.  The new rules grant individual entrepreneurs and legal entities the right to mine and circulate crypto assets. This permission is contingent on obtaining a required license. While the state now allows the circulation of unsecured digital assets, it has charged licensed providers with strict compliance oversight. New Data Privacy Standards for Crypto Transactions Under the new arrangement, cryptocurrency miners in Kazakhstan are no longer required to route most of their sales through AIFC-based exchanges. Such miners can transact with other independent trading platforms without restriction. Meanwhile, there is now a limit to the duration for processing personal data during crypto transactions. Banks and crypto exchanges can only retain consent for the period needed to fulfill the purpose of acquiring such. A Preparation for More National Crypto Moves It is worth noting that the latest revision of crypto mining regulation aligns with the nation’s broader crypto plans. Kazakhstan has earlier announced a proposal to create a…