Kazakhstan ranks second in the world in the production of cryptocurrencies
As of October, Kazakhstan rose to the second place in the world with a share of 18.1% in Bitcoin mining.
According to local media reports that refer to the report published by Cambridge University experts, the Bitcoin production industry has been developing rapidly in the country recently.
As of October, Kazakhstan rose to the second place in the world with a share of 18.1% in Bitcoin mining. In the crypto money production ranking, the USA ranked first with a share of 35.4%, and Russia was the third with a share of 11.2%.
It is stated that the most important factor in the country’s three-fold increase in the share of Bitcoin mining from 6.4 percent to 18.1 percent in recent months is the tightening of legal regulations regarding crypto money in China, the former leader of the industry.
It is stated that more than 20 companies operate in the country in Bitcoin mining, which is described as a sector with high investment potential by the Kazakhstan government.