Kazakhstan to allow crypto investments but ban payments
Authorities in Kazakhstan are taking steps to legalize crypto investments, but intend to prohibit the use of digital assets in payments in the country.
A new banking law will also fully regulate the establishment and operation of cryptocurrency exchanges, the activities of which will be overseen by the central bank in Astana.
Kazakhstan is not going to legalize crypto payments
Cryptocurrency users in Kazakhstan will not be able to use their digital coins to pay for goods and services, the local press reported, citing a high-ranking official.
That’s according to the bill “On Banks and Banking Activities,” currently under review in the Senate, the upper house of Kazakh parliament, which has been designed to regulate digital…
