On measures to stimulate and develop the digital asset industry in the Republic of Kazakhstan
Decree of the President of the Republic of Kazakhstan dated July 7, 2026 No. 1347.
In order to stimulate and develop the digital asset industry (crypto industry) in the Republic of Kazakhstan, including creating a favorable legal and economic environment, increasing investment attractiveness, ensuring the safety of market participants and forming a modern, competitive industry capable of maintaining trust and expanding opportunities for participants in the crypto industry in the Republic of Kazakhstan, I DECREE:
1. To define the purpose of the development of the digital asset industry as the formation of a regulated, transparent and competitive digital asset market in the Republic of Kazakhstan, integrated into international financial markets and attracting capital, by creating legal, institutional, technological and infrastructural conditions for the safe use of digital assets by the public and businesses while maintaining financial stability, countering illegal transactions and protecting the rights of participants the market.
2. Identify priority areas for the development of the digital asset industry:
encouraging the transfer of digital asset transactions to the country's regulated digital asset ecosystem, including by increasing the attractiveness of the regulatory regime;
creating conditions for maintaining liquidity and increasing the turnover of digital assets within the country, increasing the investment attractiveness of the industry by forming a functionally advanced national digital asset market infrastructure, including tokenization platforms and trading, exchange, settlement, custody solutions, as well as cryptographic channels in interaction with the financial system and the national digital financial infrastructure;
introduction of new innovative financial instruments and payment services based on digital assets, including for cross-border settlements;
the involvement of unused and renewable energy resources in digital mining;
development of asset tokenization in order to expand and diversify sources of financing for the real sector of the economy;
ensuring transparency and security of operations with digital assets, protecting the rights of consumers and investors, as well as strengthening mechanisms to counter illicit trafficking and capital withdrawal.
3. To form the Committee on Digital Assets and Payment Systems at the National Bank of the Republic of Kazakhstan.
4. To the Government of the Republic of Kazakhstan:
1) in order to ensure the sustainable functioning and transparency of the digital asset market in cooperation with the National Bank of the Republic of Kazakhstan, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, the Agency of the Republic of Kazakhstan for Financial Monitoring and the Astana International Financial Center:
By August 1, 2026, to develop a mechanism that excludes the blocking of bank accounts of Kazakhstani digital asset service providers intended for servicing customer transactions with digital assets in the event of blocking individual accounts of customers of Kazakhstani digital asset service providers, if there are legitimate grounds.;
By December 31, 2026, provide a legal mechanism for the voluntary disclosure of previously acquired or mined digital assets, subject to their mandatory transfer to a regulated infrastructure through Kazakhstani digital asset service providers.;
2) in order to effectively use the resource base in the field of electric power and subsurface use, by March 1, 2027, submit to the Kurultai of the Republic of Kazakhstan a draft law providing for a mechanism for using associated petroleum gas and natural gas in fields to generate electric energy in an isolated mode for the purpose of its use for digital mining, in case of refusal by the National the company "QazaqGaz" from the realization of the pre-emptive right of the state;
3) in order to stimulate the legal turnover of digital assets:
By September 1, 2026, to develop an additional mechanism for tax incentives for the transfer of digital assets by individuals from foreign platforms and services to the platforms of Kazakhstani digital asset service providers.;
By April 1, 2027, submit to the Kurultai of the Republic of Kazakhstan a draft law providing for the exemption of individuals from paying individual income tax on income from transactions with digital assets made through Kazakhstani digital asset service providers for the period from January 1, 2026 to December 31, 2028.
5. In order to expand the scope of digital assets in the economy, form a competitive ecosystem, integrate digital assets into the traditional financial system and create a single and interconnected digital asset market, the National Bank of the Republic of Kazakhstan:
1) by September 30, 2026, jointly with the Government of the Republic of Kazakhstan, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, the Agency of the Republic of Kazakhstan for Financial Monitoring, the Astana International Financial Center and the Alatau City Authority State Fund, to develop and approve a joint action plan for the development of the digital assets industry (cryptoindustry) for the medium term period;
2) by October 1, 2026, in order to develop the digital asset industry, take measures to strengthen the institutional and resource potential of government agencies regulating the digital financial assets market and the digital mining industry;
3) by November 1, 2026, jointly with the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, the Agency of the Republic of Kazakhstan for Financial Monitoring, the Astana International Financial Center and the Alatau City Authority State Fund, to analyze the functioning of decentralized platforms (DeFi) used in the turnover of digital assets and develop approaches to their implementation. regulation and control;
4) by November 30, 2026, together with the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, to improve the procedures for the implementation and launch of projects in the regulatory sandbox (special regulatory regime) of the National Bank of the Republic of Kazakhstan and the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, simplifying the processes of selection, review and approval of applications at the decision level of the head government agency;
5) by December 1, 2026, together with the Astana International Financial Center, to determine the procedure and conditions for recognizing digital assets, including tokenized securities issued in accordance with the applicable law of the Astana International Financial Center, as digital financial assets in the territory of the Republic of Kazakhstan;
6) by December 31, 2026, jointly with the Government of the Republic of Kazakhstan and the Agency of the Republic of Kazakhstan for Financial Monitoring, submit to the Kurultai of the Republic of Kazakhstan a draft law providing for:
the use of stablecoins issued in accordance with the requirements of the National Bank of the Republic of Kazakhstan for making payments for goods and services, as well as cross-border payments and money transfers for export-import transactions for goods and services with currency control by operators of the digital financial assets platform;
improving the activities of Kazakhstani digital asset service providers to provide new types of services with unsecured digital assets (defining the legal framework for crypto-custodial activities, providing payment services with digital assets);
securing the possibility for non-bank payment service providers (payment organizations) to service transactions related to digital assets in cooperation with digital asset service providers for the development of the cryptographic infrastructure;
7) by December 31, 2026, jointly with the Ministry of Finance of the Republic of Kazakhstan and the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, to ensure the possibility of issuing and placing tokenized government securities;
8) by July 1, 2027, ensure the creation of a National Center for Cryptocurrency Analytics in order to systematically monitor transactions with digital assets, analyze transactional activity and identify illegal financial schemes.
6. By December 31, 2026, the State Fund "Alatau City Authority", together with the National Bank of the Republic of Kazakhstan, the Agency of the Republic of Kazakhstan for Financial Monitoring and the Government of the Republic of Kazakhstan, will develop a mechanism that allows investing using unsecured digital assets in projects in the territory of the city of Alatau for foreign investors.
7. The Astana International Financial Center, together with the National Bank of the Republic of Kazakhstan and the Government of the Republic of Kazakhstan, will, by December 31, 2026, develop a mechanism aimed at using stablecoins denominated in foreign currency and issued by licensed participants of the Astana International Financial Center (Providing Money Services in relation to Digital Assets as the Issuer of stablecoins) for implementation of cross-border payments and money transfers for export-import transactions for goods and services between non-residents of the Republic of Kazakhstan, as well as between non-residents of the Republic of Kazakhstan and participants of the Astana International Financial Center, whose controlling shareholder(s) is a non-resident, as well as between participants of the Astana International Financial Center, whose controlling shareholder(s) is a non-resident.
8. The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market in order to further develop the market of digital financial assets, including tokenized securities and government securities, until January 1, 2027, together with:
1) The National Bank of the Republic of Kazakhstan and the Government of the Republic of Kazakhstan define a mechanism for accounting, storing and maintaining a register of holders of digital financial assets, ensuring the protection of clients' assets, including their separation from their own assets of Kazakhstani digital asset service providers and withdrawal from the estate in case of bankruptcy;
2) The Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan to develop a set of measures to develop the tokenized financial instruments market, including launching pilot issues of tokenized corporate bonds of listed issuers, expanding the circle of investors of digital financial assets.
9. The Government of the Republic of Kazakhstan, together with the National Bank of the Republic of Kazakhstan, interested government agencies and organizations, to take measures arising from this Decree.
10. Control over the implementation of this Decree is entrusted to the Administration of the President of the Republic of Kazakhstan.
11. This Decree shall enter into force from the date of its signing.
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