Kazakhstan | ForkLog

ForkLog 90 03.06.2025

Kazakhstan Launches Cryptocurrency Payment Cards

The National Bank of Kazakhstan has approved the issuance of cryptocurrency payment cards linked to wallets on exchanges licensed by the AIFC. This was announced by the regulator’s press service. During a payment transaction, a client’s digital assets will be sold on the AIFC crypto market with their value instantly credited to the card. “This […]

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ForkLog 51 30.05.2025

Solana and Kazakhstan’s Stock Exchange to Promote Dual Listing Mechanism for Enterprises

The Astana International Exchange (AIX), Solana Foundation, liquidity aggregator Jupiter, and licensed trading platform Intebix have signed a memorandum of understanding. ?BREAKING: @Solana Foundation, @JupiterExchange, AIX, and @Intebix sign MoU for Dual IPO Listings ✍️ @ideyquickvex https://t.co/dMp5LnzJF2 — SolanaFloor (@SolanaFloor) May 29, 2025 The collaboration aims to develop a dual listing mechanism for companies launching […]

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ForkLog 52 24.05.2025

Kazakhstan Introduces Licensing for Crypto Exchanges

The National Bank of Kazakhstan has developed legislative amendments that establish the legal status of crypto exchange operators and introduce licensing for their activities. This was announced at a briefing for the media by Yerlan Ashykbekov, Director of the Payment Systems Department. According to him, the proposals aim to introduce “systemic regulation” of digital asset […]

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ForkLog 69 14.05.2025

Kazakhstan Eyes Potential Tax Windfall from Cryptocurrency Market

The advancement of mining and broader trading of digital assets could position Kazakhstan as a crypto hub and boost budget revenues. This was stated by the First Vice Minister of Digital Development, Innovations and Aerospace Industry, Kanysh Tuleushin, to local media. Modernizing the Energy System According to Tuleushin, miners could aid in modernizing the country’s […]

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ForkLog 101 21.04.2025

Kazakhstan’s Regulator Backs Unified Crypto Exchange Initiative

Kazakhstan’s National Bank plans to regulate cryptocurrency circulation nationwide by establishing a licensed national exchange. This was reported by local media, citing a statement from the regulator’s head, Timur Suleimenov. The new provider will replace unregulated foreign platforms, offering broader capabilities than the crypto projects currently available at the AIFC. These changes are expected to […]

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ForkLog 111 21.04.2025

Kazakhstan Seizes 3.8 Million USDT from Three Crypto Pyramids

In Almaty, the operations of cryptocurrency pyramids Warner Bros, Roborock, and NFT+TRX have been halted. This was reported by Kazakhstan’s AFM. Investors in Warner Bros acquired access to a special application, where they were promised rewards for watching trailers and inviting new users. The project consisted of nine levels, with an average investment amount of […]

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ForkLog 47 16.04.2025

Kazakh Authorities Seize 1,257 ASIC Miners from Fake Motor Centre

A court in Kazakhstan has sentenced three organisers of a mining farm disguised as an engine processing centre in Astana. This was reported by the Financial Monitoring Agency (FMA). According to the case materials, from 2022 to May 2024, the suspects engaged in cryptocurrency mining without the necessary license. This activity earned them 143.2 million […]

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ForkLog 16 08.04.2025

Kazakhstan Reports Seizure of Cryptocurrency from Pyramid Schemes

Since the beginning of 2025, Kazakhstan’s AFM has dismantled 24 financial pyramids, including those accepting cryptocurrency deposits. The agency reported this to President Kassym-Jomart Tokayev. As part of the investigation, digital assets of the criminal scheme organizers were frozen, amounting to 2.2 billion tenge ($4.18 million at the time of writing). In total, the AFM […]

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ForkLog 33 27.03.2025

Kazakhstan Considers Establishing a Crypto Bank to Regulate the Sector

The possibility of establishing a crypto bank to legalise the digital asset market in Kazakhstan has been discussed. This was reported by the local publication Tengrinews. The initiative was proposed by Azat Peruashev, a deputy of the Majilis. He sent a request to Prime Minister Olzhas Bektenov, suggesting the development of a legal framework for […]

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ForkLog 11 13.03.2025

Kazakhstan Resident Illegally Exchanged Cryptocurrencies Worth $11.3 Million

The AFM of Kazakhstan has concluded an investigation into the illegal circulation of digital assets. According to the agency, in September 2020, a then-underage resident of Almaty posted advertisements for cryptocurrency exchange services on the Telegram messenger and the OLX platform. To conduct transactions, he asked his older brother to register on the Binance exchange. […]

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ForkLog 18 07.03.2025

A taxi show and regulator brainstorms

In 2022, the cryptocurrency exchange Binance set up a Kazakh subsidiary, BN KZ Technologies. It is now a fully regulated company with licences for exchange operations, custody and brokerage services. In January 2025, appointed general manager of Binance Kazakhstan was Nurkhat Kushimov, who brings nearly 20 years’ experience in legal support and finance. In an […]

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ForkLog 14 30.01.2025

Kazakhstan to Develop Investment Stablecoin Concept

The National Bank of Kazakhstan is considering the introduction of a stablecoin as an investment tool, according to local media citing the regulator’s deputy chairman, Berik Sholpankulov. He stated that an initial vision for the project has been formed, taking into account international experience. The National Bank is currently awaiting proposals from market participants to […]

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