Kazakhstan to Launch State-Run Crypto Custody Platform Within Weeks
Kazakh financial regulators plan to roll out a state-run custodial platform for crypto assets in the coming weeks, the head of the country’s monetary authority in Astana announced. The platform is intended to formalize custody services, expand legal channels for holding and transferring tokens, and sit alongside existing mining operations as Kazakhstan seeks to further liberalize digital-asset use and circulation. The initiative could give institutional and retail users clearer custody options and strengthen compliance and oversight in a market that has attracted large-scale miners. By creating a government-backed custody option, Kazakhstan aims to increase trust and on‑shore crypto activity, potentially drawing more service providers and capital — though the development will also shift more control of asset storage to state-regulated infrastructure.