Kazakhstan on track for $700M crypto mining investment goal, says minister

Cointelegraph

Published Sep 02, 2020 07:38AM ET

Updated Sep 02, 2020 09:20AM ET

According to the Digital Development Minister of Kazakhstan, Bagdat Mussin, the country is in negotiations regarding investments in its cryptocurrency mining sector amounting to 300 billion tenges ($714 million).

Earlier in June, another Kazakh minister, while arguing against the ban on cryptocurrencies during a parliamentary discussion, had claimed that the country may get more than $700 million investment for its cryptocurrency mining farms over the next three years.

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