Kazakhstan Pushes Forward Crypto Industry Growth with Presidential Directive

During a working meeting on the implementation of the Digital Qazaqstan project, President Kassym-Jomart Tokayev instructed the government to prepare a comprehensive development plan for Kazakhstan’s cryptocurrency and digital assets industry, according to Qazinform News Agency, citing the Akorda press service.

Supercomputers to Boost Technological Sovereignty

President Tokayev emphasized the strategic importance of launching two supercomputers in the country, stating that these machines will strengthen Kazakhstan’s technological sovereignty and support the expansion of its digital infrastructure.

Data Management as a National Economic Asset

The President highlighted the need to clearly assign responsibility for data management across government agencies. He stressed that heads of all governmental bodies must be personally accountable for the quality and integrity of the data their agencies handle. He also noted that building a comprehensive national data management system will be a major step toward recognizing data as a key economic asset, enabling better policy-making and boosting digital governance.

Regulatory Framework for the Crypto Industry

President Tokayev addressed the development of the cryptocurrency sector in Kazakhstan, noting that legislative reforms aimed at creating a full regulatory framework for the industry will come into effect in May this year. He instructed financial regulators, in coordination with the government and law enforcement, to design a plan for the digital assets sector that ensures financial stability, while effectively preventing fraud and illegal capital outflows.