Working Group: Finance - Digital Assets
Government Body: Parliament of the Republic of Kazakhstan
Key Issue: Classification of Crypto/Mining/Regulation of Digital Assets
Type of Action: Law
Status: In Force
Next Steps: N/A
Summary: The law creates a legal basis for the development of digital technologies such as blockchain, legalizes mining, and also introduces the definition of a digital asset. A digital asset is not considered a means of payment. The Law distinguishes secured and unsecured digital assets.
Date: 25 June 2020