President Tokayev Signs Decree to Accelerate Kazakhstan’s Digital Asset Industry

Astana, The Gulf Observer: Kassym-Jomart Tokayev has signed a decree titled “On Measures to Stimulate and Develop the Digital Asset Industry in the Republic of Kazakhstan,” marking a significant step toward strengthening the country’s digital economy and positioning Kazakhstan as a regional hub for digital technologies.

According to the Presidential Press Service, the decree is designed to enhance the legal and economic framework governing the digital asset market, attract domestic and foreign investment, and foster the sustainable growth of the sector.

The decree outlines a comprehensive package of measures aimed at stimulating digital asset activities through the creation of a favorable investment climate, expansion of digital infrastructure, and adoption of advanced technologies. It also places particular emphasis on regulating the trading of digital financial assets while ensuring the protection of market participants’ rights and interests.

The initiative builds on the legislative framework established under the Law “On Digital Assets in the Republic of Kazakhstan,” which laid the foundation for state regulation of digital asset circulation. Since May 1, 2026, Kazakhstan has implemented a comprehensive regulatory system under which licensing of unsecured digital asset exchange operators and registration of digital trading and financial asset platforms are overseen by the National Bank of Kazakhstan through a formal documentation process.

The decree also complements earlier banking reforms introduced under the Law “On Banks and Banking Activities,” which recognized digital financial assets as a new asset class in Kazakhstan. The legislation further authorizes banks to establish and acquire subsidiaries operating in strategic sectors, including digital technologies, e-commerce, cybersecurity, biometrics, artificial intelligence, and telecommunications.

Officials said the new decree is expected to accelerate the development of Kazakhstan’s digital asset industry, increase market transparency by bringing more activities into the regulated economy, attract foreign investment, and generate new high-tech employment opportunities, reinforcing the country’s ambition to become a leading digital innovation center in the region.