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Kazakhstan Puts Crypto Trading Under Central Bank Control

Kazakhstan is changing how crypto works inside its borders.
The president signed a new law that reshapes digital asset trading from top to bottom.
Crypto exchanges will now need official licenses, and not every coin will be allowed to trade.

Central Bank Takes the Wheel

The National Bank of Kazakhstan now controls which cryptocurrencies can trade legally.
Only coins approved by the bank can appear on licensed platforms.
This includes limits on trading activity and strict operating rules for exchanges.

New Digital Asset Categories

The law creates a new class called digital financial assets.
These include asset-backed tokens and electronic financial instruments.
Stablecoins fall into a separate group and follow different rules.

Crypto Allowed, but Watched

Bitcoin and Ether are labeled as unsecured digital assets¹.
They remain legal but face tighter oversight.
Exchanges must protect investors and follow disclosure rules.

Kazakhstan aims to become a regional crypto hub.
The country supports mining, stablecoin payments, and crypto investment tools.
This law shows the government wants growth, but on its own terms.

¹Unsecured digital assets: cryptocurrencies not backed by physical assets or government guarantees.

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Written by 365Crypto

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