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Kazakhstan Advances Crypto Framework With Exchange Legalization, Payment Ban

Kazakhstan Advances Crypto Framework With Exchange Legalization, Payment Ban

Author:

Global Cryptocurrency

Published:

2025-12-26 11:58:02

11

3

BTCCSquare news:

Kazakhstan's Senate is reviewing legislation that would establish one of Central Asia's first regulated cryptocurrency markets. The bill explicitly bans crypto payments while creating a licensing regime for exchanges under central bank oversight.

Regulators will curate an approved list of cryptocurrencies for investment purposes. This measured approach mirrors global trends of embracing digital assets while maintaining monetary sovereignty.

The National Bank of Kazakhstan gains expanded authority to supervise trading platforms. Market participants anticipate this could attract institutional capital seeking compliant on-ramps into BTC, ETH, and other major tokens.

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