Kazakhstan Expands Crypto Market with New Decree on Stablecoins and Mining

Kazakhstan has taken significant steps to expand its cryptocurrency market through a new decree. The reforms aim to move cryptocurrency activity onto regulated domestic platforms while expanding the country's digital asset sector.

The decree, signed by President Kassym-Jomart Tokayev, introduces rules for stablecoin payments and tax incentives, as well as energy support for digital mining. It also outlines plans to develop tokenised financial instruments and national trading infrastructure.

The government hopes the measures will attract investment and strengthen Kazakhstan's position in the global cryptocurrency industry. According to Minister Zhaslan Madiyev, 'Our goal is to make Kazakhstan a point of attraction for global capital and expertise while ensuring maximum transparency and protection for every participant in this market.'