Article 11. Digital Asset Exchanges The Law on Digital Assets in the Republic of Kazakhstan

Home / RLA / Article 11. Digital Asset Exchanges The Law on Digital Assets in the Republic of Kazakhstan

1. The requirements for digital asset exchanges and the procedure for licensing them at the Astana International Financial Center are determined by the acts of the Astana International Financial Center.

2. The second-tier bank of the Republic of Kazakhstan opens bank accounts in accordance with the legislation of the Republic of Kazakhstan to the digital asset exchange, as well as to a participant of the Astana International Financial Center who has an appropriate license to carry out activities related to digital assets.

3. Digital asset exchanges are required to notify individuals and legal entities about the risks associated with the purchase, possession and execution of transactions with unsecured digital assets.

4. In the territory of the Republic of Kazakhstan, unsecured digital assets are not recognized as financial instruments or financial assets, except in cases stipulated by the laws of the Republic of Kazakhstan.

IZPI's note! Paragraph 5 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

5. The issuance and circulation of unsecured digital assets, as well as the activities of digital asset exchanges for unsecured digital assets, are prohibited on the territory of the Republic of Kazakhstan, with the exception of the territory of the Astana International Financial Center and the special regulatory regime of the National Bank of the Republic of Kazakhstan.

6. The procedure and mechanisms for interaction of the digital asset exchange and the entities specified in paragraph 2 of this Article with the second-tier bank of the Republic of Kazakhstan are determined by an act of the Astana International Financial Center in coordination with the National Bank of the Republic of Kazakhstan and the authorized body for regulation, control and supervision of the financial market and financial organizations.

7. The list, deadlines and reporting procedure of digital asset exchanges are determined by an act of the Astana International Financial Center in coordination with the National Bank of the Republic of Kazakhstan.

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