Kazakhstan to Launch CryptoCity for Legal Crypto Payments

Kazakhstan is taking a bold step toward cryptocurrency adoption with the launch of CryptoCity, a dedicated zone in Alatau where digital assets will be legally recognized for daily transactions. The initiative underscores the country’s ambition to become Central Asia’s crypto hub, leveraging Alatau’s existing tech infrastructure and innovation ecosystem.

The pilot project will allow regulated crypto payments in retail and property markets, marking a significant milestone in real-world blockchain integration. President Kassym-Jomart Tokayev’s endorsement signals strong institutional support for The Sandbox environment, which could serve as a blueprint for broader economic digitization.

This development follows Kazakhstan’s recent efforts to modernize its financial landscape, including expanded mining operations and progressive digital asset regulations. The CryptoCity experiment positions the nation at the forefront of emerging markets embracing Web3 technologies.