Article 4-1. Special regulation regime in the field of digital assets of the Constitutional Law of the Republic of Kazakhstan on the Astana International Financial Center

     1. The concept and types of digital assets, as well as the procedure and conditions for the release (with the exception of digital mining), placement, circulation, and storage of digital assets in the Center are determined by the Center's acts.

     2. The requirements for digital asset exchanges and the procedure for licensing them in the Center are determined by the Center's acts.

     3. To ensure information security, digital asset exchanges must:

     1) to purchase the services of an operational information security center in accordance with the Civil Code of the Republic of Kazakhstan;

     2) notify the National Information Security Coordination Center and the Operational Information Security Center, which provides services to the digital asset exchange, of independently identified information security incidents in accordance with the procedure and deadlines set by the rules for monitoring the information security of e-government informatization facilities and critical information and communication infrastructure facilities.;

     3) develop and implement an information security incident management policy and a plan to ensure the continuity of their activities;

     4) comply with other requirements stipulated by the acts of the Center for digital asset exchanges.

     4. In order to protect the interests of consumers, digital asset exchanges are required to notify individuals and legal entities about the risks associated with the purchase, possession and execution of transactions with unsecured digital assets.

     5. The procedure and mechanisms for interaction between the exchange of unsecured digital assets and (or) a member of the Center licensed to carry out activities related to digital assets with a second-tier bank of the Republic of Kazakhstan are determined by an act of the Center in coordination with the National Bank of the Republic of Kazakhstan and the authorized body for regulation, control and supervision of the financial market and financial organizations.

     6. The list, deadlines and reporting procedure of digital asset exchanges are determined by an act of the Center in coordination with the National Bank of the Republic of Kazakhstan.

Constitutional Law of the Republic of Kazakhstan dated December 7, 2015 No. 438-V SAM.

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