Kazakhstan
Kazakh financial regulators say they blocked access to more than 1,000 online platforms offering crypto exchange services over the past year. The move is part of a push to build a formal regulatory framework and grow the licensed crypto market.
Kazakh authorities plan to legalize cryptocurrency investments but will prohibit using digital assets for payments, while a new banking law will regulate exchanges under central bank oversight.
Kazakhstan’s central bank said it is prepared to allocate up to $300 million to purchase crypto assets, the governor told reporters on Nov. 29, 2025. The announcement marks a notable state-level engagement with digital assets.
President Kassym-Jomart Tokayev approved changes to AI and digitalization laws on Nov 17, 2025, permitting crypto mining and trading outside the Astana International Financial Center. The reform expands legal clarity nationwide and could attract investment while raising implementation and energy-management questions.
Kazakhstan unveiled a national crypto vehicle that will package seized digital assets into an ETF-style fund aiming to raise $500M–$1B. The move raises questions about valuation, transparency and potential market impacts as regulators repurpose confiscated crypto.
Kazakhstan is planning to create a state crypto reserve, pending the development of a legal framework to regulate its formation and management. The National Bank of Kazakhstan is actively working on a detailed concept to guide this initiative.
Kazakhstan’s central bank is moving forward with creating a state-run crypto reserve, potentially financed through seized digital assets and government-affiliated crypto mining operations, marking a significant step in national digital asset management.