📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Wednesday, August 13, 2025
- Illegal Mining Crackdown: Authorities in East Kazakhstan Oblast have shut down a large-scale illegal crypto mining network. This operation was allegedly using corrupt utility insiders to siphon off more than $16 million worth of electricity, enough to power a small city. The illicit profits were reportedly used to buy luxury assets, which have been seized. This is part of a broader, regional effort to combat unlicensed mining and protect the national power grid from the strain of unregulated activity.
- Government Regulation: The government is taking steps to formalize the cryptocurrency industry.
- Taxation: The state has collected a significant amount in mining taxes over the past three years.
- Legislation: Financial regulators have proposed amendments to legalize cryptocurrency trading by creating a licensing regime for local exchanges.
- State-Controlled Reserve: The National Bank of Kazakhstan has supported a lawmaker initiative to create a state-controlled reserve for digital assets.
"Crypto Card" Initiative: The National Bank has also launched a program that allows consumers to link licensed crypto wallets to traditional payment cards for retail purchases. This initiative enables users to pay with crypto while merchants receive fiat currency.
#Kazakhstan#