Kazakhstan, one of the world\'s largest bitcoin mining centers, is expanding its cryptocurrency landscape with a new decree that introduces stablecoin payment rules, tax exemptions for regulated encryption activities, and new energy options for mining.
Kazakhstan President Kassymromart Tokayev has signed a decree aimed at establishing a regulated digital asset market, the Ministry of Artificial Intelligence and Digital Development (MAIDD) announced on Wednesday.
The decree was jointly formulated by MAIDD, the central bank and the Astana International Financial Center and is seen as a tool to increase regulatory clarity for cryptocurrency companies, investors and digital asset service providers.
This move marks the latest effort by Kazakhstan to expand its role in the crypto industry and establish itself as the world\'s major cryptocurrency center.
stablecoins enter Kazakhstan\'s cross-border trade plan
A key direction of the decree is aimed at modernizing Kazakhstan\'s payment infrastructure, including provisions on creating mechanisms for the use of digital assets and stablecoins in cross-border settlements.
The government said the move could support import and export businesses by including digital assets in Kazakhstan\'s financial tool box while keeping transactions within a regulated framework.
The decree also aims to transfer crypto activity from foreign unregulated platforms to Kazakhstan\'s licensed digital asset infrastructure. Encourage users holding digital assets abroad to disclose and transfer them to approved domestic service providers.
For individuals, the government plans to implement tax incentives for digital asset activities conducted through regulated infrastructure, including a proposed exemption from personal income tax on related income.
Gas Energy Plan for Digital Mining
The action also involves Kazakhstan\'s energy resources, introducing a mechanism to allow associated gas and natural gas from oil and gas fields to be used for autonomous power generation when it is not needed for national purposes.
The announcement stated that this electricity could support digital mining and add energy elements to Kazakhstan\'s broader encryption strategy.
According to data released by the Cambridge Center for Alternative Finance (CCAF) in 2022, Kazakhstan ranks third in the world in its estimated bitcoin mining power.
In addition, the Kazakhstan government has launched a \"70/30\" energy model that allows data centers and digital miners to directly access new power generation capacity created through infrastructure upgrades, up to 70%.
The decree also outlines plans to develop tokenized financial instruments and national transaction infrastructure, as Central Asian countries seek to attract investment in digital assets.
MAIDD Minister Zaklan Madiyev said: \"Our goal is to make Kazakhstan an attraction for global capital and expertise, while ensuring maximum transparency and protection for every participant in this market.\"

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