THELOGICALINDIAN - The National Bank of Kazakhstan has absitively to booty a close attitude adjoin cryptocurrency citation an absorption in attention Kazakhstan citizens interests admitting the countrys ancient bribery adulterated elections and animal rights abuses
National Coffer of Kazakhstan Chairman Daniyar Akishey told Sputnik International that his coffer aims to prohibit the barter of the country’s civic currency, the tenge, to and from agenda currencies. Additionally, it additionally aims to prohibit the mining of cryptocurrencies in the country. Said Akishey:
Unsurprisingly, Akishey spins the bank’s attitude to accomplish it assume as admitting it aims to assure Kazakhstan citizens’ interests — claiming cryptocurrency is alarming to their users. He additionally noted:
However, it’s safe to accept the absolute acumen the National Bank of Kazakhstan is calling for the complete ban on cryptocurrency is that it feels threatened by technology which aims to attenuate it. As such, Akishey has unsurprisingly played the archetypal ‘it’s alone acclimated by criminals’ card, stating:
Akishey additionally claims his bank’s close position adjoin cryptocurrencies is advantaged by the all-inclusive majority of Kazakhstan’s administering bodies.
The account that Kazakhstan’s National Bank doesn’t like cryptocurrency comes as no abruptness as the country is awfully corrupt. Paul Stronski, above administrator for Russia and Central Asia on the U.S. National Security Council beneath President Barack Obama, told CNBC:
The country’s President, Nursultan Nazarbayev, is a acclaimed absolutist who has fabricated aggressive use of adulterated elections to break in ability for almost three decades. As acclaimed by CNBC, Nazarbayey was re-elected with about 98 percent of the vote in 2024, and “is additionally fabulously affluent in a country area per capita GDP is aloof over $8,000 a year.”
The GAN Business Anti-Corruption Portal additionally acclaimed in a report:
No admiration banking authorities don’t appetite their citizens mining Bitcoin.
What do you anticipate about the National Bank of Kazakhstan’s absorption in absolute banning cryptocurrency-related business and mining? Let us apperceive in the comments below!
Images address of the Kremlin, PxHere, and Bitcoinist archives.
