Kazakhstan’s President Kassym-Jomart Tokayev has signed laws establishing a framework to manage digital belongings, together with cryptocurrencies like Bitcoin (BTC).
Tokayev signed the legal guidelines “On Banks and Banking Actions” and “On Amendments and Dietary supplements to Sure Legislative Acts on the Regulation and Improvement of the Monetary Market, Communications, and Chapter,” in accordance to a authorities assertion.
The foundations introduce a classification for digital belongings, together with stablecoins, belongings backed by monetary devices and property, and monetary devices issued in digital digital type.
The Nationwide Financial institution of Kazakhstan (NBK) will act as a key regulator of the sector, granting it authority to license exchanges, approve cryptocurrencies for circulation and set buying and selling exercise limits on regulated platforms.
Kazakhstan’s new asset class: Three forms of digital monetary belongings
The introduction of a brand new asset class, comprising three forms of “digital monetary belongings” (DFAs), is a key element of the signed laws.
The Company for Regulation and Improvement of the Monetary Market (ARDFM), the authority accountable for growing the legal guidelines, is assigned to ascertain necessities for the issuance, circulation and redemption of DFAs, excluding stablecoins.
New digital platform operators that function DFA issuers will probably be licensed by the central financial institution. DFAs may even be topic to necessities much like these established for conventional monetary devices, together with necessities for danger administration, data disclosure and investor safety.
Cryptocurrencies a part of laws with strict necessities
The regulation contains provisions overlaying cryptocurrencies similar to Bitcoin (BTC) and Ether (ETH), known as “unsecured digital belongings.”
The laws supplies for the creation of cryptocurrency trade organizations, whose actions will probably be licensed and controlled by the NBK.
To guard buyers, the central financial institution will set up an inventory of crypto belongings permitted for circulation, in addition to limits and restrictions on crypto trade operations.
Associated: Russia plans restricted crypto entry for retail buyers, lawmaker says
Cointelegraph approached ARDFM for touch upon the record of permitted crypto belongings and different guidelines, however didn’t obtain a response by the point of publication.
Kazakhstan’s digital asset regulation aligns with the nation’s ambitions to turn into a regional trade hub in Central Asia. The nation has been actively adopting stablecoin funds and noticed the launch of Bitcoin exchange-traded funds in 2025, whereas additionally being a serious participant in world crypto mining.
Journal: How crypto legal guidelines modified in 2025 — and the way they’ll change in 2026
