Kazakhstan President Signs Decree to Establish Cross-Border Settlement Mechanism for Digital Assets and Stablecoins

The President of Kazakhstan has signed a decree to accelerate the development of the digital asset and stablecoin market. The new measures include the establishment of a cross-border settlement mechanism for digital assets and stablecoins, promoting the return of crypto activities to licensed local platforms, researching personal income tax incentives for compliant digital asset businesses, and allowing the use of associated natural gas and oil resources for power generation to support Bitcoin mining. The decree also proposes the development of tokenized financial products and national-level digital asset trading infrastructure, further promoting Kazakhstan's construction as a global crypto center.