Protests began in Kazakhstan over an increase in fuel prices. Human Rights Watch says that there are other long-standing issues behind the protests in Kazakhstan, including income inequality and economic hardship. These have all been made worse by the coronavirus pandemic.
Anirudh Rastogi is the founder of Ikigai Law, a tech law firm which works with cryptocurrency exchanges across India.
He stated that miners will ultimately find the right place to conduct their activities. “They need a place where there is political stability, and they can get cheap electricity.”
Rastogi believes that such issues in crypto hubs could force the industry into adopting more sustainable technology to mine, which uses less electricity.