TechFlame news, August 12. According to NewsBitcoin, a joint investigation by the Kazakh Financial Supervisory Authority and the National Security Council found that several power companies had illegally supplied electricity to cryptocurrency mining companies in the past two years. According to the country's Digital Asset Law, cryptocurrency mining companies can only purchase electricity through national platforms designated by the Ministry of Energy,

and must confirm a surplus of electricity before using it.

Investigations revealed that the illegal electricity consumption involved in the case exceeded 50 million kilowatt-hours, which is equivalent to the electricity consumption of a city with a population of 50,000 to 70,000. The amount involved was approximately US$16.5 million (9 billion tenge). Law enforcement authorities

have frozen two homes and four cars purchased by the main suspect in the capital.

Due to the tightening of the regulatory environment, several mining companies, including Bitmain, have announced their withdrawal from the Kazakh market.