Crypto trading Kazakhstan is entering a new era of regulation. The National Bank of Kazakhstan (NBK), in partnership with the Financial Market Regulatory Agency, has introduced a draft law that legalizes crypto-to-fiat exchange through licensed platforms across the country.
According to NBK’s Yerlan Ashykbekov, the legislation defines clear rules for both unbacked and asset-backed digital assets. The goal? A safe, transparent crypto infrastructure that protects users and ends the country’s reliance on the grey market.
Licensed Crypto Exchanges Now a Reality in Kazakhstan
Under the new framework, crypto trading Kazakhstan will include government-licensed service providers. These platforms must meet internal compliance, asset security, and risk controls to legally operate in fiat–crypto exchange.
Until now, trading was limited to exchanges based in the Astana International Financial Centre (AIFC). This law integrates those platforms into a broader national system—without replacing the AIFC structure.
Crypto Bank, National Exchange Also on the Table
Kazakhstan’s shift to regulate crypto trading follows broader national ambitions. In April, NBK chair Timur Suleimenov called for a national crypto exchange, while in March, MP Azat Peruashev proposed launching a crypto-focused bank.
Peruashev noted that nearly 90% of crypto transactions remain untracked in Kazakhstan—posing both regulatory and economic risks.
Meanwhile, miners must now sell 75% of coins via AIFC exchanges, according to deputy minister Kanysh Tuleushin. This requirement has already yielded $35 million in tax revenue over the past three years.
