Kazakhstan’s President Kassym-Jomart Tokayev signed new laws creating licensed crypto exchanges and giving the central bank authority to approve tradable coins.
Kazakhstan’s President Kassym-Jomart Tokayev has signed legislation establishing a framework to regulate digital assets, including cryptocurrencies like Bitcoin (BTC).
Tokayev signed the laws “On Banks and Banking Activities” and “On Amendments and Supplements to Certain Legislative Acts on the Regulation and Development of the Financial Market, Communications, and Bankruptcy,” according to a government statement.
The rules introduce a classification for digital assets, including stablecoins, assets backed by financial instruments and property, and financial instruments issued in electronic digital form.
