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Tokayev approves digital asset strategy through 2030

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Tokayev approves digital asset strategy through 2030

President Kassym-Jomart Tokayev signed a decree outlining Kazakhstan's digital asset industry development goals through 2030. The strategy prioritizes financial stability, anti-fraud measures, and the creation of a regulated, competitive digital asset market integrated with international finance.

The Decree's Three Pillars

The strategy focuses on three main directions: making Kazakhstan a 'safe haven' for digital assets, establishing a National Cryptocurrency Analysis Center by July 1, 2027, and shifting digital asset operations into a regulated ecosystem. The center will monitor transactions, analyze activity, and detect illegal financial schemes, acting as both police and auditor.

Anti-Fraud and Consumer Protection

Tokayev emphasized protecting citizens and businesses from fraud, noting that many Kazakhs fall victim to crypto scams via social media ads. The decree mandates transparency and security for digital asset transactions, consumer and investor rights protection, and mechanisms to combat illegal circulation and capital outflows.

Integration with International Markets

The strategy aims to attract capital by creating a regulated, open, and competitive digital asset market integrated with global financial systems. Tokayev instructed the government to incentivize the transition of digital asset operations into Kazakhstan's regulated ecosystem, including storage in local data centers.

What's Next

The government is to develop a detailed action plan for implementing the strategy by the end of 2026. It remains unclear how quickly the National Cryptocurrency Analysis Center will become operational and whether the new regulations will effectively curb illegal transactions.

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Tokayev approves digital asset strategy through 2030