Kazakhstan Legalizes Crypto Trading Under Sweeping Banking Reforms
Kazakhstan has enacted landmark financial reforms, legalizing cryptocurrency trading under the oversight of its central bank. The MOVE signals a strategic pivot toward modernizing the nation's financial infrastructure while maintaining regulatory control.
The new framework establishes licensing pathways for digital asset exchanges and defines categories for approved tokens. Banks now have explicit authorization to invest in fintech innovations, including AI-driven solutions and digital payment systems.
Authorities are implementing rigorous oversight measures, cracking down on unlicensed platforms while facilitating legitimate market participation. The reforms include integration plans for the digital tenge, positioning Kazakhstan as a regional leader in blockchain adoption.
