Working Group: Finance - Digital Assets

Country: Kazakhstan

Government Body: Parliament of the Republic of Kazakhstan

Key Issue: Classification of Crypto/Mining/Regulation of Digital Assets

Type of Action: Law

Status: In Force

Next Steps: N/A

Summary: The law creates a legal basis for the development of digital technologies such as blockchain, legalizes mining, and also introduces the definition of a digital asset. A digital asset is not considered a means of payment. The Law distinguishes secured and unsecured digital assets. 

Date: 25 June 2020