Kazakhstan Unveils Decree to Boost Digital Asset Market

Kazakhstan has introduced a new decree aimed at expanding its regulated digital asset market and attracting investment from around the world. The decree, signed by President Kassym-Jomart Tokayev, supports stablecoin payments, offers tax incentives for cryptocurrency activity, and provides energy options for mining.

The government says the measures are designed to move cryptocurrency activity onto domestic platforms while expanding Kazakhstan's position in the global industry. The Ministry of Artificial Intelligence and Digital Development Minister Zhaslan Madiyev stated that '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.'

The decree includes plans to allow digital assets and stablecoins to be used in regulated cross-border settlements, encourage users to transfer holdings from offshore platforms to licensed domestic providers, and proposes personal income tax exemptions for cryptocurrency activity conducted through regulated infrastructure.