Kazakhstan to legalize cryptocurrency: Digital Ministry’s proposal

Tengrinews.kz – At today’s government meeting, Minister of Digital Development Zhaslan Madiyev presented a comprehensive reform plan for the crypto market in Kazakhstan.

According to the minister’s report, Kazakhstan aims not just to “support miners” but to relaunch the entire industry — from legalizing cryptocurrencies to building a CryptoCity.

What will change in the law

Madiyev announced a package of legislative amendments designed to transform the rules of the game:

• Legalization of the issuance and circulation of cryptocurrencies in Kazakhstan;
• Licensing of crypto exchanges within the country;
• Eliminating the requirement to sell mined crypto assets through the Astana International Financial Centre (AIFC);
• Launching a “70/30” program – where power plants are modernized using investments from the crypto industry.

Upcoming projects

• CryptoCity – a futuristic digital city;
• State-backed mining initiatives;
• National crypto fund;
• A stablecoin pegged to the tenge;
• Tokenization of real-world assets – from real estate to raw materials.

Why this is important

Madiev emphasized that these steps are aimed at transforming Kazakhstan into a regional hub for the crypto economy and attracting billions in investment.