'We are the number two crypto miner in the world, and we see practically no financial return,' says Kazakhstan President Tokayev

'We are the number two crypto miner in the world, and we see practically no financial return,' says Kazakhstan President Tokayev


During a meeting with representatives of the financial sector on Friday in Almaty, Kassym-Jomart Tokayev, President of Kazakhstan, expressed his opinion on the current state of affairs of the country’s cryptocurrency industry. The details of the speech were posted on the official website of the President of the Republic of Kazakhstan, and translated by Cointelegraph:

Cryptocurrencies are an objective factor that cannot be simply ignored. It is necessary to clearly evaluate their potential to influence the current financial system.

President Tokayev speaking at a conference | Source: Akorda.kz

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He then added:

Therefore, work should be resumed on the formation of a balanced regulatory environment for the creation of cryptocurrency exchanges in the country. Otherwise, it turns out that we are the number two country in the world for cryptocurrency [Bitcoin]

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