Kazakhstan Establishes Regulatory Framework for Digital Assets
- Kazakhstan’s new legal framework grants the National Bank (NBK) authority to license crypto exchanges, approve tradable assets, and set trading limits.
- The law introduces “Digital Financial Assets” (DFAs) and establishes strict risk management and investor protection standards for issuers and platforms.
- As part of a goal to become a regional hub, Kazakhstan is seeking to establish a $1 billion Bitcoin crypto reserve within the year.
The government of Kazakhstan has adopted a new legal framework for digital assets after President Kassym-Jomart Tokayev signed legislation that sets rules for both crypto trading and other tokenised financial products.
According to the announcement, a central feature is…
