Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
IN on-ed Kansh Tuleushin, the first Minister of Digital Development, Innovation and Air Industry, published in Kazakhstanskaya Pravda, claimed that the release of trading regulations and the expansion of legal frames for crypto could unlock the main economic potential.
According to Tuleushin, Kazakhstan the digital mining industry could also help modernize the country’s energy infrastructure.
Energy improvement through crypto mining of partnership
In OP-ED, Tuleushin outlined how crypto mining could lead both the power supply improvements and the environmental advantages.
“Miners can help us upgrade our energy system,” he said, noting that in Us, miners Help to balance the grid of consumption excess energy During a period of low demand.
The Kazakhstan version, the project “70/30”, includes foreign investors financing the modernization of thermal power plants, with 70% of the new capacity allocates the national network and 30% reserved for miners.
The country has also made progress to formize its crypto economy. Since 2023 he registered 415,000 mining machines, issued 84 licenses (64 active, 13 suspended, 7 canceled) and accredited five mining pools, three of which remain functional.
As a result, the volumes of trading in Astana International Financial Center (AIFC), the special economic zone of the Earth for Digital Finance, increased from $ 324.2 million to $ 1.4 billion in $ 2024.
At the same time, the regulators prohibit illegal activities.
For example, only in 2024 the authorities closed 36 Unauthorized Platforms With a total turnover of 60 billion Tenge ($ 118 million), freezing assets of $ 4.8 million, and blocked more than 3,500 non -cultivated cryptological websites.
Kazakhstan’s regulator said several illegal exchanges have recently played a key role in money laundering programs.#Kazakhstancrypto #Cryptoxchanges https://t.co/hn5chirbsp
– Cryptonews.com (@cryptonews) On January 8, 2025
Despite these efforts, experts estimate that 91.5% of the related activity in 2023 was out of regulatory supervision, which contributed to an estimated total volume of $ 4.1 billion transactions.
Tuleushin acknowledged this challenge and reaffirmed the government’s commitment to develop cleaner energy sources, strengthen compliance with the regulations and the location of Kazakhstan as a transparent and competitive crypto center in Central Asia.
Kazakhstan eyes nationwide expansion of crypto
Kazakhstan currently classifies digital assets into two categories: covered assets, supported by real world goods such as real estate or patents, and uncovered assets that include cryptocurrencies such as Bitcoins and Ethereum.
The legal trading of both types of assets is limited to AIFC, which operates in its own legal and financial framework.
Kazakhstan is trying to expand the crypto regulation outside Astana, the International Financial Center (AIFC), while vice -president Kanshin Tuleushin said that the digital ministry is working closely with the National Bank and the financial regulator to build a compatible ecosystem.
Kazakhstan examines the launch of Krypto Bank as part of its wider pressure to build a sustainable and regulated digital asset ecosystem.#Kazachstan #Bitcoinhttps://t.co/egg92tqy
– Cryptonews.com (@cryptonews) April 30, 2025
Prime Minister Olzhas Becttenov also revealed Plans to explore the crypto bankReact to the formal investigation of members of parliament, as stated by Astana Times.
However, this pressure comes in the middle of hard recovery. Authorities blocked access to Coinbase and Kraken for non -compliance, closing foreign brokers and made many websites for replacement only through VPN.
Licensed platforms as Binance and bybit Continue in operation legally.
#Binance #Bybut…https://t.co/hao1dizcap
– Cryptonews.com (@cryptonews) September 6, 2024
Despite the intervention of the intervention, the adoption of the public is growing. Recent message From Rise’s research, he found that the crypto ownership in Kazakhstan has doubled over two years, and the tax revenues from this industry have risen, indicating the growing interest and market potential.
Contribution Kazakhstan Crypto Skyrocketes to $ 1.4 B, because the nation focuses on Central Asia crypt dominance He appeared for the first time Cryptonews.
