Kazakhstan has signed a decree to establish a regulated cryptocurrency market, aiming to boost investment and adoption. President Kassym-Jomart Tokayev approved the document on July 7, following intensified calls for crypto legislation. The framework covers tax incentives, stablecoin payments, a mining framework, and tokenization. Users would be exempt from individual income tax on crypto transactions if they disclose holdings on foreign platforms and transfer assets to domestic regulated venues. The government also plans to allocate excess electricity for mining. Kazakhstan holds 13% of the global Bitcoin hashrate, ranking third after China and the United States.
On July 7, Kazakhstan President Kassym-Jomart Tokayev signed a decree to develop a regulated digital assets market. The document was prepared by the Ministry of Artificial Intelligence and Digital Development, the National Bank, other agencies, and the Astana International Financial Center.
According to the ministry’s statement, the decree aims to create a modern regulated crypto market to boost investment and adoption. “It lays the foundation for the systematic development of a regulated digital assets market, broader adoption of innovative financial technologies, and increased investment attractiveness of the sector.”
The move follows President Tokayev’s intensified calls for crypto legislation last year. The signed decree will cover modern stablecoin payments, tax incentives, a crypto mining framework, and tokenization plans.
Regarding taxes, the document seeks exemption from individual income tax on every revenue generated from cryptocurrency transactions. However, users must disclose their crypto ownership on foreign, unregulated platforms to encourage transfers to domestic regulated venues.
The proposal also creates a mechanism to allocate excess electricity generated by the state to crypto mining. “This measure is intended to stimulate regional investment and promote more efficient energy consumption.”
Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development Zhaslan Madiyev stated, “We are creating an environment where digital assets become as familiar and secure as traditional financial instruments. 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.”
Kazakhstan ranked 16th in the APAC region for crypto adoption, but it holds significant mining power. According to data, the country had a 13% monthly Bitcoin hashrate market share in 2026, following China (21%) and the United States (37%). If implemented, the decree would align Kazakhstan with jurisdictions like the UAE, the EU, and Singapore in clear crypto regulation.
