Kazakhstan Government Reviews Digital Asset Market Growth and Regulation

September 15, 2026 at 11:15 AM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Kazakhstan's government on September 15 discussed expanding the digital asset market and moving it out of the shadow sector. Vice Minister of AI and Digital Development Gizat Baitursynov reported 76 licensed miners and 5 accredited mining pools operating in the country. The government plans tax incentives and use of unused energy resources for mining.

Key Facts

Kazakhstan has 76 licensed miners and 5 accredited mining pools, with about 470,000 units of equipment registered.
Bitcoin production reached about 3,500 BTC in 2025, four times the 2023 figure, with tax revenue from the sector rising from 9 billion to 22.5 billion tenge.
Crypto exchange trading turnover in Kazakhstan grew more than 30-fold, and the number of users reached 215,000.
National Bank Chairman Timur Suleimenov said the global digital asset market has about 750 million users, capitalization of $2.3 trillion, and stablecoin turnover of $50 trillion in 2025.
Kazakhstan's regulatory sandbox, launched in 2025, is implementing 34 projects across 14 areas including stablecoins, tokenization, crypto exchanges, and custodial services.

Government Meeting

The Kazakh government held a meeting on September 15 to discuss development of the digital asset industry. Vice Minister of AI and Digital Development Gizat Baitursynov presented current industry figures. The meeting agenda included mechanisms to double the digital asset market. A press conference after the meeting featured Deputy Chairman of the National Bank Binur Zhalenov and other officials.

Market Growth

Bitcoin production in 2025 was about 3,500 BTC, four times the 2023 level. Tax revenue from the mining sector increased from 9 billion to 22.5 billion tenge over two years. Crypto exchange trading turnover grew more than 30-fold, with 215,000 users. The global digital asset market has about 750 million users and $2.3 trillion capitalization, according to National Bank Chairman Timur Suleimenov.

Regulatory Framework

Kazakhstan's Law on Digital Assets took effect on February 6, 2023, classifying digital assets as secured or unsecured. A regulatory sandbox launched in 2025 is implementing 34 projects across 14 areas. KASE received status as operator of a digital financial assets platform and digital assets trading platform. The government plans to bring digital assets out of the shadow market, create tax incentives, and attract unused energy resources to mining.