Kazakhstan to Tighten Cryptocurrency Regulation Following $15 Billion Capital Outflow

The National Bank of Kazakhstan has developed amendments to the legislation that establish the legal status of crypto exchange platform operators and introduce licensing of their activities. This was announced at a media briefing by the Director of the Payment Systems Department, Erlan Ashykbekov. According to him, the proposed...

Kazakhstan Plans Stricter Crypto Regulations

Following a startling $15 billion capital exodus in 2023, a large share of which has been connected to uncontrolled crypto activity, Kazakhstan’s central bank authorities are attempting to enforce stricter cryptocurrency rules. Timur Suleimenov, Governor of the National Bank of Kazakhstan, announced it on May 16 during the Astana International Financial Forum. Suleimenov claims that the administration is now resolved to act more aggressively sin…

Kazakhstan to Tighten Cryptocurrency Regulation Following $15 Billion Capital Outflow

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – The National Bank of Kazakhstan is preparing a comprehensive legislative framework to regulate the circulation of digital assets, following the withdrawal of approximately $15 billion in crypto assets from the country due to insufficient regulatory oversight. This was announced by Deputy Chairman of the National Bank Berik Sholpankulov during a May 22 p…

National Bank to start regulating cryptocurrency in Kazakhstan