
Kazakhstan expands crypto market with new decree
- Kazakhstan has introduced a decree supporting stablecoin payments, tax incentives and new energy options for cryptocurrency mining.
- The reforms aim to move cryptocurrency activity onto regulated domestic platforms while expanding the country's digital asset sector.
- The government said the measures are designed to attract investment and strengthen Kazakhstan's position in the global cryptocurrency industry.
Kazakhstan President Kassym-Jomart Tokayev has signed a decree introducing new rules for stablecoin payments, cryptocurrency tax incentives and energy support for digital mining as the country expands its regulated digital asset market.
The decree was developed by the Ministry of Artificial Intelligence and Digital Development, the central bank and the Astana International Financial Centre, with the government stating that the measures will improve regulatory clarity for cryptocurrency businesses and investors.
“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,” said Ministry of Artificial Intelligence and Digital Development Minister Zhaslan Madiyev.
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.
The government also introduced a mechanism allowing associated petroleum gas and natural gas to generate electricity for cryptocurrency mining when not required for state purposes, and because the announcement relates to government policy rather than a listed company, there was no share price reaction.
Separately, Kazakhstan has adopted a 70/30 energy model that allows data centres and cryptocurrency miners to access up to 70% of new electricity generation capacity created through infrastructure upgrades.
The decree also outlines plans to develop tokenised financial instruments and national trading infrastructure as Kazakhstan seeks to attract digital asset investment and expand its role in the global cryptocurrency market.