Kazakhstan president signs decree to boost digital asset industry

Kazakhstan's President Kassym-Jomart Tokayev has signed a decree aimed at innovating the legal and economic framework for the country's digital asset market and establishing it as a global hub. According to the presidential office (Akorda), the decree on measures to promote and activate the digital asset industry is centered on bringing the entire virtual asset ecosystem into the regulatory fold to increase market transparency, attract foreign investment, and create high-tech jobs. The measures include tax benefits for the industry, support for stablecoin payments, and the promotion of digital asset mining using natural gas.