Kazakhstan is advancing new legislation to regulate local crypto miners. 

Kazakhstan's Majalis, the federal parliamentary body, has approved the second reading of a bill "On the Digital Assets of the Republic of Kazakhstan." The bill will now go to a third reading, which precedes a vote.

The new legislation would put in new licensing regimes for crypto miners based on whether or not they operate their own facilities or rent them from other suppliers. Miners would also have to purchase their electricity from the shared grid at market rates through energy provider Korem, which follows earlier specific taxes on miner electricity consumption.