Specifically, the region is looking to establish guidelines for the consumption of electricity as it relates to mining digital assets. The framework would give the Ministry of Energy directorial authority to provide quotas based on volume depending on the needs of the electric grid.

"The bills also make it possible to open additional opportunities to attract investments for the construction of new generations in fields and renewable energy sources," Smyshlyaeva explained.

The framework also seeks to establish guidelines on the growing number of exchanges popping up in Kazakhstan and their relationship with miners.

“Support for their activities will be carried out through the introduction of a mandatory requirement for miners to exchange up to 75% of their capital on domestic crypto exchanges starting from 2024,” said Smyshlyaeva.

Additionally, the legislation seeks to establish further tax regulations.

The report states “it is planned to charge the republican budget corporate income tax on miners' remuneration, mining pool income tax, payment on operations on crypto exchanges.”

Additionally, the legislation seeks to regulate mining pools and cloud services which utilizes the raw materials of the region by requiring stricter licensing expectations for would-be service providers.

"It will allow you to reorient the interest of investors from raw material potential to the turnover of digital mining products,” Smyshlyaeva said.