Kazakhstan Accelerates Cryptocurrency Regulations: Crypto Law On The Way

The lower house of Kazakhstan’s parliament has approved five bills on digital assets. The government is trying to tighten its control over the crypto industry.

Russian news agency TASS October 12 on the digital asset sector of Kazakhstan’s lower house. five It was informed that the new bill was approved. Ekaterina Smyshlaeva, member of the Parliamentary Committee on Economic Reform and Regional Development according to the designs “Secured and Unsecured Assets” export and circulation takes over.

The Assembly has started legislative activities in order to realize the vision of President Kasım Cömert Tokayev on the digital asset sector. accelerated looks like. Smyshlyaeva, Tokayev’s plans prevent problems with crypto mining its instructions on appropriate stated to have been developed.

Kazakhstan with cheap energy prices of china cryptocurrency mining to ban then Asia one of the most attractive mining areas it happened. However, due to mining activities energy crisisrequired the government to regulate mining activities. Miners operating in Kazakhstan since May have to declare their operations to the government. In addition, Tokayev received from mining activities in July. tax had approved the law.

On the other hand, the country’s digital assets regulation and use quite on behalf of fast it’s making its way. At the point where the regulatory work, which started in September, has reached today, five bills have been approved, while the country officially recognizes crypto exchanges, companies and digital assets in this field. a fast integration policy he is driving.

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