Tokayev signs law making prosecutor general investment ombudsman
This digest was compiled by AI from multiple sources — links to the originals are below.
President Kassym-Jomart Tokayev signed a law granting the prosecutor general the status of investment ombudsman. The law aims to strengthen investor protection, reform the penal system, and align legislation with the new constitution adopted in March.
Investor Protection
The prosecutor general will now serve as investment ombudsman, tasked with protecting investor rights. At the regional level, oblast prosecutors and those in cities of national significance will act as investment prosecutors. The law also preserves the prosecutor's authority to identify and recover illegally acquired assets for the state.
Penal System Reforms
A significant set of amendments focuses on improving conditions for incarcerated women, including those with young children, and for men raising a young child alone. The changes are part of broader efforts to humanize the criminal justice system following the 2022 unrest.
Crypto Mining Energy Limits
Kazakhstan President Kassym-Jomart Tokayev signed legislation limiting energy usage by domestic crypto miners. The law also mandates government-approved mining pools.
What's Next
The law takes effect upon publication. It remains unclear how the new ombudsman role will interact with existing investor protection mechanisms.
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Tokayev signs law making prosecutor general investment ombudsman
