Kazakhstan Explores Crypto Banks to Strengthen Digital Asset Ecosystem

Kazakhstan is advancing its digital asset ambitions with plans to establish specialized crypto banks. Prime Minister Olzhas Bektenov confirmed the initiative in a parliamentary address, targeting regulated services for exchanges, custody, and transactions. The move builds on existing infrastructure within the Astana International Financial Centre, where licensed platforms already handle digital asset operations.

Legislative reforms slated for 2024 aim to broaden market access and streamline digital asset circulation. This follows January’s regulatory overhaul, signaling Astana’s intent to position itself as a Central Asian hub for compliant crypto innovation. The framework could attract institutional capital seeking regulated exposure to Bitcoin and other digital assets.