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Kazakhstan to Launch State-Run Crypto Custody Platform Amid Regulatory Push

Kazakhstan to Launch State-Run Crypto Custody Platform Amid Regulatory Push

Author:

Global Cryptocurrency

Published:

2026-02-10 15:58:01

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BTCCSquare news:

Kazakhstan is poised to introduce a government-controlled custodial platform for digital assets by May, marking a significant step in its bid to formalize cryptocurrency operations. National Bank Chairman Timur Suleimenov confirmed the initiative during a policy meeting, revealing that the service will operate under the Central Depository framework.

The MOVE follows the near-completion of a comprehensive legal framework for digital assets in 2025, with full implementation expected by 2026. This regulatory scaffolding aims to legitimize crypto circulation in the mining-friendly nation, which recently allocated $350 million from sovereign reserves for cryptocurrency acquisitions through its National Investment Corporation.

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