BAKU, Azerbaijan, July 8. President
Kassym-Jomart Tokayev has signed a decree aimed at stimulating the
development of Kazakhstan's digital assets industry.
This was announced in a statement issued by the press service of
the Kazakh president.
According to the statement, the decree, titled "On measures to
stimulate and develop the digital assets industry in the Republic
of Kazakhstan," marks the latest step in Kazakhstan's broader
effort to establish a comprehensive regulatory and institutional
framework for the sector.
The decision follows a series of legislative and regulatory
reforms introduced earlier this year. From May 1, Kazakhstan
brought into force a package of regulations implementing the
country's new legal framework for digital assets. The measures
established licensing rules for digital asset trading platform
operators and exchanges, defined requirements for issuers and
investors of digital financial assets, and introduced oversight
mechanisms for the rapidly developing market.
The regulatory package also set requirements for organizations
holding underlying assets, established rules for the issuance and
circulation of digital financial assets, and introduced anti-money
laundering requirements for certain market participants, including
stablecoin issuers.
At the same time, Kazakhstan has continued advancing its broader
digital finance agenda. In April, the National Bank approved rules
governing the issuance, circulation, and redemption of the digital
tenge, with the framework set to enter into force later this
month.
The latest decree signals the authorities' intention to move
beyond establishing a legal framework toward accelerating the
industry's development. Kazakhstan has been positioning itself as
one of Central Asia's leading jurisdictions for digital assets,
seeking to attract investment while strengthening regulatory
oversight and integrating digital financial technologies into the
country's financial system.
