Situation in Kazakhstan is stabilizing, government claims as cryptocurrency miners look to a future in the country.
The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location for miners.After days of turmoil, the embattled administration of Kazakhstan’s President Kassym-Jomart Tokayev says it now has the country stabilized.
The troubles in Kazakhstan began on Jan. 2 with demonstrations in the western Mangistau province against the increase of prices of natural gas and other fuels which turned into massengulfing the Central Asian republic. An unconfirmed number of people have died in the clashes and 5,800 individuals, including foreign nationals, have been arrested, official sources indicated.
Tokayev has been quoted as emphasizing that the security forces will implement all necessary measures to fully restore public law and order in the country, Russian news agency Interfax reported. The president has issued an order to establish a special government commission tasked to address the consequences of the riots in the affected regions.
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