Article 9. Licensing of digital mining activities of the Law on Digital Assets in the Republic of Kazakhstan

Home / RLA / Article 9. Licensing of digital mining activities of the Law on Digital Assets in the Republic of Kazakhstan

1. Digital mining activities are carried out on the basis of a digital mining license issued to the applicant for a period of three years.

A license to carry out digital mining activities is issued for the following subspecies::

I subspecies – a digital miner who owns or otherwise legally owns a digital mining data center;

Subspecies II – a digital miner who does not have a digital mining data processing center by right of ownership or other legal grounds and performs digital mining using a hardware and software complex for digital mining located in a digital mining data processing center owned by him.

2. Licenses for digital mining activities are issued in accordance with the requirements of the legislation of the Republic of Kazakhstan and the rules for licensing digital mining activities.

3. The amount, procedure for calculating and paying the license fee are determined by the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget" (Tax Code).

4. The suspension of a digital mining license is carried out by a decision of the authorized body for a period of one to six months in the following cases:

1) identifying false information when obtaining a license to carry out digital mining activities;

2) non-compliance by the digital miner with the requirements established by the legislation of the Republic of Kazakhstan;

3) failure to eliminate violations within the prescribed period based on the results of an unscheduled inspection by the authorized body;

4) failure of the digital miner to provide information to the authorized body on changes in information within the time limits established by the legislation of the Republic of Kazakhstan on digital assets;

5) voluntary appeal of the digital miner to the authorized body;

6) in other cases stipulated by the laws of the Republic of Kazakhstan.

5. The decision to suspend the license to carry out digital mining activities must specify the reasons and the period of suspension of the license to carry out digital mining activities.

The suspension of a digital mining license entails a ban on digital mining activities for the period of suspension.

6. The renewal of the license for digital mining activities is carried out upon the request of the digital miner in accordance with the procedure established by paragraphs 3 and 7 of Article 45 of the Law of the Republic of Kazakhstan "On Permits and Notifications".

7. The revocation of a license to carry out digital mining activities is carried out by a court.

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