Kazakhstan could exempt individuals from paying tax on income generated from digital asset transactions on regulated platforms. The measure is intended to bring the purchase and sale of digital assets into a regulated legal framework, the Ministry of Artificial Intelligence and Digital Development said.
On July 7, the president signed a decree on measures to stimulate and develop the digital asset industry. The document was jointly drafted by the Ministry of Artificial Intelligence and Digital Development, the National Bank of Kazakhstan and the Astana International Financial Centre. The ministry said the decree lays the groundwork for developing a regulated market, expanding the use of financial technologies and increasing the sector’s attractiveness.
In particular, the decree envisages the development and launch of mechanisms for using digital assets and stablecoins in cross-border settlements. The move is expected to help Kazakhstani businesses with imports and exports of goods.
Furthermore, measures are planned to bring all crypto asset transactions into the official regulated framework.
«The planned measures include creating conditions for the voluntary disclosure of digital assets previously held on unregulated foreign platforms and their subsequent transfer to domestic service providers, as well as introducing tax incentives for individuals. Income from digital asset transactions conducted through Kazakhstan’s regulated infrastructure is planned to be exempt from individual income tax,» the ministry said.
The decree allows associated gas and natural gas to be used for autonomous electricity generation, with the electricity potentially supplying power to cryptocurrency mining operations, provided the gas is not required to meet state needs.
The decree outlines the development of tokenized financial instruments and the national trading infrastructure. In particular, it provides for the issuance of tokenized government bonds.
«These measures create a predictable environment for all market participants, from miners to financial institutions, helping position Kazakhstan as a regional hub for digital financial solutions. The comprehensive implementation of the decree is expected to expand opportunities for businesses and investors while maintaining strict safeguards for citizens’ interests and the security of the financial system,» Vice Minister of Artificial Intelligence and Digital Development Gizzat Baitursynov said.
