Financial authorities in Kazakhstan intend to set up a state-controlled custodial platform for crypto assets in the coming weeks, the head of the monetary authority in Astana unveiled.

The announcement comes amid efforts to legalize and liberalize the circulation of cryptocurrencies in the Central Asian nation, which has already established itself as a mining hotspot.

Kazakh government to offer storage services for digital assets

The country will soon have its own crypto custodial solution, the Chairman of the National Bank of Kazakhstan (NBK), Timur Suleimenov, made that clear on Tuesday.

Speaking during a government meeting, the governor highlighted that work on a full legal framework for the nation’s growing digital assets…