Kazakhstan: Echoes of the Autumn of Sorrows

Until earlier this month, Kazakhstan, the largest of Central Asian republics to become independent after the dissolution of the Soviet Empire 30 years ago, appeared the most stable entity in the region.

Under President Nursultan Nazarbayev’s iron-fist leadership, it had avoided the religious feuds, civil wars, coups and counter-coups that had shaken kindred former Soviet republics, such as neighboring Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan.

However, Nazarbayev’s autocratic rule was not the sole reason for the new republic’s stability. There were at least three other contributory factors.

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Kazakhstan’s internet shutdown takes out 18% of global Bitcoin production and value of cryptocurrency plummets by 8% as Russia deploys troops to crush protests

The price of Bitcoin has slumped to lows not seen since September amid rolling internet blackouts in crisis-hit Kazakhstan – the second biggest country for Bitcoin mining.

The world’s most used cryptocurrency lost as much as eight per cent in value and tumbled to under $41,000 (£30,100), as investors dumped their crypto coins, partly spurred on by ongoing events in the Central Asian nation.

It comes as dozens have died and public buildings across Kazakhstan have been ransacked and torched in the worst violence experienced by the former Soviet republic in 30 years of independence.

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Kazakhstan unrest: Dozens killed in crackdown

Security forces in the Central Asian state of Kazakhstan say they have killed dozens of anti-government rioters in the main city, Almaty.

They moved in after protesters tried to take control of police stations in the city, a police spokeswoman said.

Twelve members of the security forces have been killed and 353 injured in the unrest, sparked by a doubling in the cost of liquefied petroleum gas (LPG).

Russia is sending in troops at the request of the Kazakh president.

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