Kazakhstan's President Kassym-Jomart Tokayev signed a decree titled "On Measures to Stimulate and Develop the Digital Assets Industry in the Republic of Kazakhstan." The document aims to create a "modern and transparent ecosystem for digital financial services."
The decree was prepared by the Ministry of Artificial Intelligence and Digital Development in collaboration with the National Bank, relevant government agencies, and the Astana International Financial Centre.
The document outlines mechanisms for using digital assets and stablecoins in cross-border transactions. Authorities hope to provide businesses with additional channels for export-import operations within a regulated framework.
A separate section addresses bringing crypto asset operations into the legal sphere. Measures include the voluntary disclosure of digital assets previously held on foreign unregulated platforms and their transfer to domestic providers' platforms.
For individuals, there are plans to exempt income from digital asset transactions through the regulated Kazakh infrastructure from personal income tax.
Another provision of the decree involves utilizing associated petroleum and natural gas at fields for autonomous electricity generation. This energy can be directed towards cryptocurrency mining if the resources are not needed for state purposes.
The decree also includes the development of tokenized financial instruments and a national trading blockchain infrastructure. The implementation of these initiatives will be formalized in a separate action plan with timelines and responsible parties.
It is worth noting that in the fall of 2025, the Central Bank of Kazakhstan announced plans to establish a state crypto reserve ranging from $500 million to $1 billion.