The President of Kazakhstan has signed a bill to restrict energy use for cryptocurrency mining

ChainCatcher news, according to CoinDesk, Kazakhstan President Kassym-Jomart Tokayev has signed a law that restricts domestic cryptocurrency miners' use of energy. The new law only allows licensed miners to use the national grid's electricity when there is a surplus of energy; miners using renewable energy, imported electricity, or their own off-grid power generation capabilities are not subject to this restriction.

The legislation requires miners to obtain permission from the authorities and makes some minor adjustments to the industry's tax system. The government will also approve a list of pools that companies can use and will require miners to sell the cryptocurrencies they mine to exchanges registered in the country's special economic zone, the Astana International Financial Center. By 2024, miners must sell half of their cryptocurrencies to such exchanges, increasing to 75% by 2025. (source link)