Kazakhstan President Plans to Boost Crypto Adoption

Kazakhstan is expanding its cryptocurrency ambitions with a new presidential decree introducing rules for stablecoin payments, tax incentives for regulated crypto activity and additional energy options for Bitcoin mining. President Kassym-Jomart Tokayev signed the decree on Wednesday as part of the country's broader effort to develop a regulated digital asset market, according to the Ministry of Artificial Intelligence and Digital Development (MAIDD).

The initiative was developed in cooperation with the ministry, Kazakhstan’s central bank and the Astana International Financial Centre (AIFC). Officials said the new framework is intended to provide greater regulatory clarity for crypto businesses, investors and digital asset service providers while strengthening Kazakhstan’s position as a global crypto hub.

Stablecoins and regulated crypto take center stage

One of the decree’s key priorities is the modernization of Kazakhstan’s payment infrastructure by introducing mechanisms that allow digital assets and stablecoins to be used for cross-border settlements. The government believes the initiative could improve export and import transactions by integrating digital assets into the country's financial system while maintaining regulatory oversight.

The decree also aims to encourage crypto users to move their assets from foreign, unregulated platforms to licensed domestic service providers. Individuals holding digital assets overseas will be encouraged to disclose those holdings and transfer them into Kazakhstan’s regulated ecosystem. To support adoption, authorities are proposing personal income tax exemptions for individuals earning income through regulated digital asset activities.

New energy measures support Bitcoin mining

The decree also includes measures designed to strengthen Kazakhstan’s Bitcoin mining sector by expanding available energy sources. Under the new framework, associated petroleum gas and natural gas from oil and gas fields that are not required for state purposes can be used to generate electricity for digital mining operations. The government said this approach would help utilize otherwise unused energy resources while supporting mining activity. In addition, Kazakhstan has introduced a "70/30" energy model, allowing data centers and digital miners to directly access up to 70% of newly created electricity capacity resulting from infrastructure upgrades.

Alongside these initiatives, the government plans to develop tokenized financial instruments and expand the country's digital asset trading infrastructure to attract international investment. “Our goal is to make Kazakhstan a point of attraction for global capital and expertise while ensuring maximum transparency and protection for every participant in this market,” said MAIDD Minister Zhaslan Madiyev.

Sources:

https://cointelegraph.com/news/kazakhstan-president-decree-accelerate-crypto-adoption

https://www.gov.kz/memleket/entities/maidd/press/news/details/1254746?lang=en

https://www.gov.kz/memleket/entities/maidd/press/news/details/1251047?lang=en