PANews reported on May 23 that according to Cryptopolitan, Yerlan Ashykbekov, head of the payment system department of the Central Bank of Kazakhstan, announced that the country will legalize the exchange of cryptocurrency for legal currency by issuing licenses. The new regulations require trading platforms to establish risk management systems, user interaction rules and asset protection mechanisms, and the central bank will approve the list of tradable cryptocurrencies.

According to the legislative amendments, licensed exchange operators will be able to conduct business under the supervision of the central bank. Currently, only exchanges under the jurisdiction of the Astana International Financial Center (AIFC) can operate legally, and the new regulations will integrate the two regulatory systems. Kanysh Tuleushin, deputy minister of the country's Ministry of Digital Development, revealed that current policy requires that 75% of miners' output must be sold through the AIFC platform. The new regulations will also create a "secured digital asset" market, which will be divided into three categories: legal currency stablecoins, digital certificates of financial instrument certification rights, and tokenized assets of traditional financial instruments such as bonds and stocks. The central bank will also launch a digital asset regulatory sandbox.