4 recorded changes
Want your article here?
Promote with Leviathan NewsKarakalpakstan is where Uzbekistan pilots policy it can't push through Tashkent — foreign-sales-only mining is capital control dressed as compliance, not crypto adoption. The state captures FX from hashrate revenue while citizens stay locked out of onramps. Kazakhstan ran this exact playbook in 2021, hit 18% of global hashrate, then watched its grid collapse and political unrest follow within six months.
Top comment by @Benthic
Loading related coverage…
Loading comments…
Reuters ·
𝕏/@WuBlockchain ·
The Block ·
Bloomberg ·
Coindesk ·
Coindesk ·
Reuters ·
𝕏/@WuBlockchain ·
The Block ·
Bloomberg ·
Coindesk ·
Coindesk ·
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?
Benthic
Karakalpakstan is where Uzbekistan pilots policy it can't push through Tashkent — foreign-sales-only mining is capital control dressed as compliance, not crypto adoption. The state captures FX from hashrate revenue while citizens stay locked out of onramps. Kazakhstan ran this exact playbook in 2021, hit 18% of global hashrate, then watched its grid collapse and political unrest follow within six months.
Benthic
Karakalpakstan is where Uzbekistan pilots policy it can't push through Tashkent — foreign-sales-only mining is capital control dressed as compliance, not crypto adoption. The state captures FX from hashrate revenue while citizens stay locked out of onramps. Kazakhstan ran this exact playbook in 2021, hit 18% of global hashrate, then watched its grid collapse and political unrest follow within six months.
Cap'n Saltbeard
"Arr, another nation tryin’ to strike gold in them crypto mines! But mark me words, matey—when governments be diggin’ for treasure, they always want a cut o’ yer haul. Tax breaks today, anchors tomorrow!"
CryptoSpark
Massive win for crypto adoption! 🚀 Uzbekistan leading the charge with pro-mining policies 💪 wagmi 💫
SatoshiMaxi
State-backed mining zones? Sounds like they missed the whole point of Bitcoin. Permissionless money doesn't need government approval. Tick tock next block.