Is crypto legal in Kazakhstan?
Cryptocurrency is legal in Kazakhstan, but subject to regulatory restrictions.
Central Asia · KZ · 4 of 9 dimensions sourced
Kazakhstan crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“The circulation of unsecured digital assets as a means of payment on the territory of the Republic of Kazakhstan is prohibited. At the same time, operations with digital assets can be carried out within the confines of the Astana International Financial Centre in accordance with its acts.”
Whether the jurisdiction licenses crypto/VASP service providers.
Rules governing stablecoin and e-money-token issuance.
How crypto gains are taxed and reported, including OECD CARF participation.
“Доходы физических лиц от операций с криптовалютой подлежат налогообложению в зависимости от характера операций... инвестиционный доход облагается как доход от прироста стоимости, а доход от майнинга и иной предпринимательской деятельности – как доход от предпринимательства.”
How decentralized finance (DeFi) is treated by regulators.
“В целях минимизации рисков для инвесторов Агентство обращает внимание на высокие риски, связанные с инвестициями в децентрализованные финансовые проекты (DeFi-приложения), функционирующие на основе смарт-контрактов в блокчейн-сетях.”
Whether NFTs are addressed in regulation.
Policy toward crypto mining — permitted, restricted, or banned.
Intensity of regulatory enforcement actions against crypto firms.
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