BAKU, Azerbaijan, September 15. The Kazakh
government has approved a Joint Action Plan for the development of
the digital asset industry.
This was announced in a statement published by the press service
of the Kazakh government.
According to the press service, the plan includes 65 measures
across 10 areas and is aimed at expanding the use of digital assets
in the economy.
"The measures are expected to support the investment
attractiveness of the sector and the development of a competitive
digital asset industry," the statement said.
“The National Bank, together with government agencies, should
ensure the timely and high-quality implementation of the measures
envisaged by the presidential decree on promoting and developing
the digital asset industry. I emphasize the personal responsibility
of each head for achieving specific results,” Prime Minister Olzhas
Bektenov said.
Implementation of the plan is expected to help bring capital
back into Kazakhstan's transparent financial system, expand the use
of digital assets for payments and financing the real sector,
create new investment instruments, strengthen the protection of
clients' and investors' rights, and develop exports of digital
financial services.
The National Bank will coordinate the work and monitor the
implementation deadlines.
During the meeting, it was also noted that Kazakhstan plans to
explore the use of digital financial instruments in international
settlements. It was emphasized that Kazakhstan should create its
own digital products and train specialists for the industry.
Kazakhstan plans to develop a full-fledged digital mining industry.
The Prime Minister instructed to expand the use of the digital
tenge. Bektenov instructed the relevant authorities to step up
efforts to ensure cybersecurity.
Bektenov also instructed to expand the use of real-world asset
tokenization to attract additional capital to the economy.
