Kazakhstan Signs Crypto Decree on July 7, Offering Tax Exemptions and Mining Framework

On July 7, Kazakhstan President Kassym-Jomart Tokayev signed a decree establishing a regulated cryptocurrency market framework, according to the Ministry of Artificial Intelligence and Digital Development. The measure covers stablecoin payments, tax incentives, a crypto mining framework, and tokenization plans.

Under the new rules, citizens can claim exemption from individual income tax on cryptocurrency transaction revenue, provided they disclose crypto holdings on foreign platforms and transfer assets to licensed domestic exchanges. The decree also allocates excess state electricity for crypto mining to stimulate regional investment and energy efficiency. According to Deputy Prime Minister Zhaslan Madiyev, the goal is to position Kazakhstan as a global hub for digital assets while ensuring market transparency.