Kazakhstan’s bitcoin ‘paradise’ may be losing its lustre – Reuters

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Kazakhstan’s bitcoin ‘paradise’ may be losing its lustre – Reuters

Register now for FREE unlimited access to Reuters.comInternet shutdown knocked data centres offlineGovernment also eyeing tighter rules on miningSome big bitcoin miners looking to move overseasKazakh mining industry is second-largest on earth

LONDON, Jan 14 (Reuters) – Kazakhstan may no longer be the bitcoin sanctuary it once was, according to some big miners who are looking to leave the global crypto hub following internet shutdowns last week that compounded fears about tightening regulation.

The government web shutdowns during an explosion of unrest in the country, the world’s second-largest centre for mining, caused bitcoin’s global computing power to drop around 13% as data centres used to produce the cryptocurrency were knocked offline. read more

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