Kazakhstan President Kassym-Jomart Tokayev signed a decree on July 7 to establish a regulated cryptocurrency market framework, according to a statement from the Ministry of Artificial Intelligence and Digital Development. The document, prepared by the ministry, the National Bank, government agencies, and the Astana International Financial Center, aims to create a modern regulated crypto market to boost investment and adoption. The move follows President Tokayev's intensified calls for crypto legislation in 2025, as Kazakhstan seeks to compete with jurisdictions like the UAE, EU, and Singapore that already have clear crypto regulatory frameworks.
Decree Covers Tax Exemptions and Mining Framework
The signed decree addresses stablecoin payments, tax incentives, a crypto mining framework, and tokenization plans. The document seeks exemption from individual income tax on revenue generated from cryptocurrency transactions. Users will be required to disclose their crypto ownership on foreign, unregulated platforms. The goal is to encourage citizens to transfer their holdings from unlicensed foreign venues to domestic regulated platforms to enjoy these tax reliefs.
The proposal creates a mechanism to allocate excess electricity generated by the state to crypto mining. According to the ministry's statement, "This measure is intended to stimulate regional investment and promote more efficient energy consumption." Zhaslan Madiyev, the Deputy Prime Minister of Kazakhstan and the Minister of Artificial Intelligence and Digital Development, stated, "We are creating an environment where digital assets become as familiar and secure as traditional financial instruments. Our goal is to make Kazakhstan a point of attraction for global capital and expertise while ensuring maximum transparency and protection for every participant in this market."
Kazakhstan Ranks Third in Global Bitcoin Hashrate
Kazakhstan ranked 16th in the APAC region in terms of crypto adoption and is the third-largest country in Bitcoin hashrate power. In 2026, it had a 13% monthly Bitcoin hashrate market share, after China (21%) and the United States (37%). The ministry's statement noted the decree "lays the foundation for the systematic development of a regulated digital assets market, broader adoption of innovative financial technologies, and increased investment attractiveness of the sector."
FAQ
What did Kazakhstan's July 7 decree cover?
The decree signed by President Tokayev covers stablecoin payments, tax incentives for crypto transactions, a crypto mining framework using excess state electricity, and tokenization plans. It seeks exemption from individual income tax on cryptocurrency revenues for users who disclose foreign holdings and transfer them to domestic regulated platforms.
What is Kazakhstan's position in global Bitcoin mining?
Kazakhstan is the third-largest country in Bitcoin hashrate power with a 13% monthly market share in 2026, ranking after China (21%) and the United States (37%). The country ranked 16th in crypto adoption within the APAC region.
