Kazakhstan's President Signs Decree to Establish Digital Asset and Stablecoin Cross-Border Settlement Framework

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According to Kazakhstan's Ministry of AI and Digital Development (MAIDD), the country's president signed a decree to accelerate digital asset and stablecoin market development. The measures include establishing cross-border settlement mechanisms for digital assets and stablecoins, redirecting crypto activities to licensed local platforms, and researching personal income tax incentives for compliant digital asset businesses. The decree also permits using flared natural gas and oil-related resources for Bitcoin mining operations, as part of efforts to position Kazakhstan as a global crypto hub.
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