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Kazakhstan President Kassym-Jomart Tokayev has signed a decree aimed at accelerating the country’s digital asset industry and moving more crypto activity into regulated channels.
The decree covers stablecoin payment work, tokenized financial products, tax incentives and new energy options for digital mining.
Stablecoin Work Targets Cross-Border Payments
The decree was prepared by the Ministry of Artificial Intelligence and Digital Development and the National Bank of Kazakhstan, with input from other state bodies and the Astana International Financial Centre.
Officials will work on mechanisms for using digital assets and stablecoins in cross-border settlements. The measure is aimed at modernizing payment infrastructure while keeping transactions inside a regulated framework.
The ministry said the decree is also intended to create a more transparent digital finance ecosystem and make Kazakhstan more attractive for investment in digital asset infrastructure.
Offshore Crypto Plan Includes Tax Incentives
The decree also targets digital assets held on foreign unregulated platforms. Authorities plan to create conditions for voluntary disclosure of digital assets previously kept offshore and for their transfer to platforms operated by domestic providers.
The plan also calls for tax incentives for individuals, including a proposed personal income tax exemption for digital asset transactions carried out through regulated Kazakh infrastructure.
Mining Rules Add Gas-Fired Power Option
The decree includes a separate measure for digital mining. Kazakhstan plans to allow associated petroleum gas and natural gas from oil and gas fields to be used for autonomous power generation when those resources are not needed for state purposes.
Under the plan, that electricity could be directed to digital mining. The measure would give miners another energy source while linking mining activity to regional investment and the use of local resources.
Action Plan Will Set Tokenization Timelines
The decree also points to the development of tokenized financial instruments and national trading infrastructure.
Officials are expected to set timelines and responsible agencies in a separate action plan. That plan will determine how quickly the measures move from policy direction to working products.
The move follows Kazakhstan’s broader push to build a regulated digital asset market. Since May 1, the country has applied rules for licensing crypto exchange operators and registering digital asset trading platforms through the National Bank.
