{"id":22479,"date":"2025-03-27T16:10:35","date_gmt":"2025-03-27T14:10:35","guid":{"rendered":"https:\/\/forklog.com\/en\/kazakhstan-considers-establishing-a-crypto-bank-to-regulate-the-sector\/"},"modified":"2025-03-27T16:10:35","modified_gmt":"2025-03-27T14:10:35","slug":"kazakhstan-considers-establishing-a-crypto-bank-to-regulate-the-sector","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kazakhstan-considers-establishing-a-crypto-bank-to-regulate-the-sector\/","title":{"rendered":"Kazakhstan Considers Establishing a Crypto Bank to Regulate the Sector"},"content":{"rendered":"<p>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 <a href=\"https:\/\/tengrinews.kz\/kazakhstan_news\/v-kazahstane-predlojili-sozdat-kriptobank-565986\/\">Tengrinews<\/a>.<\/p>\n<p>The initiative was proposed by Azat Peruashev, a deputy of the <span data-descr=\"lower house of parliament\" class=\"old_tooltip\">Majilis<\/span>. He sent a request to Prime Minister Olzhas Bektenov, suggesting the development of a legal framework for regulating digital assets.<\/p>\n<p>Peruashev believes that a crypto bank could be a significant step towards the legalisation of cryptocurrencies. This would allow most operations to be conducted legally, reduce the shadow market, and eliminate tax evasion schemes. <\/p>\n<p>According to him, Kazakhstan is a leader in mining, but the country lags significantly in cryptocurrency circulation. Currently, more than 90% of digital asset operations occur outside legal regulation.<\/p>\n<p>The deputy opines that the introduction of a crypto bank would make Kazakhstan a hub of the digital economy in the region. Such an institution could oversee exchanges, storage, and other cryptocurrency operations, as well as attract investments in the fintech sector.<\/p>\n<p>Similarly, Deputy Ekaterina Smyshlyaeva addressed Bektenov with a request to revise the law &#8220;On Digital Assets&#8221; and adjust the regulation of crypto exchanges. <\/p>\n<p>Among the initiatives are the legalisation of digital currency operations for individuals through licensed platforms and the tightening of rules for market operators.<\/p>\n<p>The deputies assert that further development of digital technologies and the implementation of innovations require the creation of modern infrastructure. This would strengthen Kazakhstan&#8217;s position in the global market.<\/p>\n<p>Back in January, the Deputy Chairman of the National Bank of Kazakhstan, Berik Sholpankulov, <a href=\"https:\/\/forklog.com\/en\/news\/kazakhstan-to-develop-investment-stablecoin-concept\">announced<\/a> that the regulator is considering the introduction of a stablecoin as an investment instrument.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[153,36],"class_list":["post-22479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-kazakhstan","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"49","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22479"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22478"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}