President Signs Decree “On Measures to Stimulate and Develop the Digital Assets Industry in the Republic of Kazakhstan”

The Head of State has signed the Decree “On Measures to Stimulate and Develop the Digital Assets Industry in the Republic of Kazakhstan,” aimed at establishing a modern and transparent ecosystem for digital financial services in the country.

The document, developed by the Ministry of Artificial Intelligence and Digital Development and the National Bank in cooperation with relevant government agencies and the Astana International Financial Centre, lays the foundation for the systematic development of a regulated digital assets market, broader adoption of innovative financial technologies, and increased investment attractiveness of the sector.

One of the Decree’s key directions is the modernization of the payment infrastructure. In particular, it provides for the development of mechanisms enabling the use of digital assets and stablecoins for cross-border settlements, opening additional channels for Kazakhstan’s businesses to conduct export and import operations.

At the same time, the Decree introduces measures to encourage the transition of crypto-asset transactions into a regulated legal framework. Among the planned initiatives are the creation of conditions for the voluntary disclosure of digital assets previously held on foreign unregulated platforms, followed by their transfer to licensed domestic service providers. In addition, tax incentives for individuals are envisaged: income derived from transactions involving digital assets conducted through Kazakhstan’s regulated infrastructure is planned to be exempt from individual income tax.

The Decree also places special emphasis on the efficient use of energy resources. It introduces a mechanism allowing associated petroleum gas and natural gas produced at oil and gas fields to be used for autonomous electricity generation, with such electricity potentially allocated to digital mining operations where these resources are not required to meet state needs. This measure is intended to stimulate regional investment and promote more efficient energy consumption.

In addition, the Decree sets the direction for the development of tokenized financial instruments and the national trading infrastructure, which will expand the range of available investment products. The implementation of these initiatives will be formalized in a special action plan defining the timelines and responsible implementing authorities.

As noted by the Deputy Prime Minister - Minister of Artificial Intelligence and Digital Development of the Republic of Kazakhstan, Zhaslan Madiyev, the signing of the document marks a new stage for the digital industry:

“The Head of State has set us a clear task: to create the most favorable conditions for the development of the country’s technological potential, and this Decree is the strategic foundation for Kazakhstan’s transition to a new-generation digital economy. By introducing new instruments, we are shaping the rules of the game in which technological boldness goes hand in hand with institutional reliability. Today, we are creating an environment where digital assets become as familiar and secure as traditional financial instruments. 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.”

According to Vice Minister of Artificial Intelligence and Digital Development Gizzat Baitursynov, these measures create predictable conditions for all participants in the industry - from miners to financial institutions - thereby strengthening Kazakhstan’s position as a regional center for digital financial solutions. It is expected that the comprehensive implementation of the Decree will expand opportunities for businesses and investors while ensuring strict adherence to the principles of protecting citizens’ interests and maintaining the security of the financial system.