Kazakhstan to exempt individuals from tax on digital asset income through 2028

September 15, 2026 at 11:17 AM2 min

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

Kazakhstan's National Bank announced a plan to exempt individuals from income tax on digital asset gains through 2028 and to allow domestic stablecoins for business payments and international trade. Chairman Timur Suleimenov presented the measures at a government meeting on September 15, 2026, following a July 7 presidential decree. The plan also creates a Digital Assets and Payment Systems Committee under the central bank.

Key Facts

The tax exemption for individuals on digital asset income will apply from 2026 through 2028 for operations through Kazakhstani providers.
Domestic stablecoins issued in Kazakhstan will be usable for payments for goods and services, export-import operations, and cross-border transfers.
A Digital Assets and Payment Systems Committee will be created under the National Bank of Kazakhstan.
The plan follows the presidential decree of July 7, 2026, on stimulating and developing the digital assets industry.
Mining development will target unused, autonomous, and renewable energy sources without additional load on the general power grid.

Tax Exemption and Stablecoin Use

The National Bank of Kazakhstan will exempt individuals from individual income tax on income from digital assets for operations through Kazakhstani providers in 2026-2028. Stablecoins issued in Kazakhstan will be allowed for payment for goods and services, export-import operations, and cross-border transfers. Chairman Timur Suleimenov said this will accelerate settlements and reduce business costs. The measures were presented at a government meeting on September 15, 2026, following the July 7 presidential decree.

Regulatory and Infrastructure Measures

Licensed providers will expand to full-cycle companies for issuance, sale, exchange, storage, and settlement of digital assets. Banks, brokers, and other traditional financial organizations will be involved in digital asset operations. The National Bank will create a Digital Assets and Payment Systems Committee to combine policy, licensing, supervision, analytics, and innovation support. The committee will operate under the National Bank of Kazakhstan.

DeFi and Mining Development

The National Bank will analyze decentralized finance business models to adapt speed and smart mechanisms for new programmable services. Mining development will use unused, autonomous, and renewable energy sources without additional load on the general power grid. The plan also includes including norms in legislation to allow citizens and businesses to open tokenized deposits.