Kazakhstan limits crypto trading to central bank-approved coins
Kazakhstan’s President Kassym-Jomart Tokayev signed new laws creating licensed crypto exchanges and giving the central bank authority to approve tradable coins.
Kazakhstan’s President Kassym-Jomart Tokayev has signed legislation establishing a regulatory framework for digital assets, including licensed cryptocurrency exchanges and granting the country’s central bank authority to approve which cryptocurrencies can be traded on regulated platforms.
The legislation amends Kazakhstan’s banking and financial market laws, setting out new rules for the issuance and circulation of digital assets and introducing licensing requirements for crypto exchanges operating in the country, according to a government statement.
The rules introduce a classification for digital assets, including stablecoins, assets backed by financial instruments and property, and financial instruments issued in electronic digital form.