Article 4. Competence of authorized state bodies The Law on Digital Assets in the Republic of Kazakhstan

Home / RLA / Article 4. Competence of authorized state bodies The Law on Digital Assets in the Republic of Kazakhstan

1. Authorized body:

1) ensures the implementation of state policy in the field of digital assets;

2) carries out cross-industry coordination in the field of digital assets;

3) issues licenses for digital mining activities;

4) in coordination with the authorized body responsible for ensuring tax revenues and other mandatory payments to the budget, approves the rules for submitting information on the income of digital miners and digital mining pools for tax purposes.;

5) approves the rules for the accreditation of digital mining pools;

6) in coordination with the authorized body in the field of permits and notifications, approves the rules for licensing digital mining activities.;

7) conducts the accreditation of digital mining pools;

8) approves the list of types of secured digital assets recognized in the territory of the Republic of Kazakhstan;

9) exercises state control in the field of digital assets, as well as over compliance by persons issuing and circulating secured digital assets with the legislation of the Republic of Kazakhstan on countering the legalization (laundering) of proceeds from crime and the financing of terrorism;

10) maintains the state register of persons engaged in the issuance of secured digital assets;

11) maintains a registry of the hardware and software complex for digital mining;

12) approves the rules for accounting and maintaining the registry of the hardware and software complex for digital mining;

13) approves the rules for making a decision on the issue of secured digital assets;

14) issues permits for the issuance and circulation of secured digital assets;

15) exercise other powers provided for by this Law, the laws of the Republic of Kazakhstan, acts of the President of the Republic of Kazakhstan and the Government of the Republic of Kazakhstan.

2. The state body responsible for the management of the electric power industry:

1) defines the requirements for connecting digital miners to electric grids in accordance with the Law of the Republic of Kazakhstan "On Electric Power Industry";

2) approves the mechanism for determining electricity quotas for digital miners;

3) exercise other powers provided for by this Law, other laws of the Republic of Kazakhstan, acts of the President of the Republic of Kazakhstan and the Government of the Republic of Kazakhstan.

IZPI's note! Article 4 is provided to be supplemented by paragraph 3 in accordance with 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).

3. The National Bank of the Republic of Kazakhstan introduces a special regulatory regime in accordance with Chapter 8-2 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan" in relation to activities related to digital assets when they are used in the territory of the Republic of Kazakhstan as a financial instrument, financial asset or when using digital assets in the provision of financial (payment) services.

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