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'We are the number two crypto miner in the world, and we see practically no financial return,' says Kazakhstan President Tokayev
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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:
President Tokayev speaking at a conference | Source: Akorda.kz
He then added:
According to data from the University of Cambridge, Kazakhstan's share of the Bitcoin (BTC) network's total hash rate amounts to 18.10% — the second in the world behind the United States (35.40%) and ahead of Russia (11.23%). However, there exists a large number of individuals carrying on Bitcoin mining
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