Unfazed by ‘crypto winter,’ Kazakhstan pursues a curious love affair with bitcoin

EKIBASTUZ, Kazakhstan — A financial institution of transformers hums and crackles by the doorway to BTC.kz’s knowledge middle on the outskirts of Ekibastuz in northeastern Kazakhstan. It is connected to a community of overhead cables that stretches for 1000’s of kilometers throughout the empty steppe. Billows of steam from two immense energy crops stand over the panorama, which is flat and sepia all the way in which to the horizon.

For a few years, amenities like these put Kazakhstan on the vanguard of the cryptocurrency enterprise, elevating a nation with a tiny know-how trade to a main participant in what some consider to be the way forward for cash.


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