Kazakhstan has the potential to become a leading crypto hub in Central Asia if regulatory restrictions are eased, according to Kanysh Tuleushin, the country’s first vice minister of digital development, innovation and aerospace industry.
In a recent op-ed for the Kazakhstanskaya Pravda newspaper, Tuleushin said digital mining and smart policy shifts could position Kazakhstan as a regional leader in blockchain innovation.
“If all restrictions were lifted and digital asset trading was allowed across Kazakhstan, the impact could be significant,” he wrote.
“Kazakhstan might become Central Asia’s crypto hub,” Tuleushin added, suggesting that broader legalization and taxation could add hundreds of billions of the country’s tenge currency to the national budget.
He called for nationwide crypto rules, transparent exchanges and legal crypto ATMs.
Binance’s CZ signed an MOU with Kazakhstan in 2023. Source: CZ
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