Kazakhstan updates its digital-asset regulatory framework

Verified facts

• The National Bank stated on 30 April 2026 that the framework would take effect from 1 May 2026 and identified unsecured digital assets and digital financial assets, including money-backed stablecoins, tokenised real assets and digital forms of traditional financial instruments. A public classification does not decide whether a particular product, asset, service or customer relationship falls within a stated category or is permitted.
• The National Bank stated that licensing of unsecured-digital-asset exchange operators and registration of digital-asset trading-platform and digital-financial-asset-platform operators would be carried out through documentation submitted to the National Bank for activities outside the AIFC. A filing route does not establish applicant eligibility, approval, register entry, operational launch, banking/payment access or customer onboarding.
• ARDFM Resolution No. 75 sets conditions for issuance, placement, circulation and redemption of specified digital financial assets and contains information-security-control requirements. A rule does not confirm that an issuer, platform, asset, control set, disclosure, custody system, smart contract or transaction has met those requirements.
• IMF’s 2026 Article IV report describes the digital-asset legislative changes and frames robust supervision as a continuing policy issue. Independent macro-financial analysis does not validate a specific provider, asset, investment, customer, price, payment, licence, registration, partnership, contract or transaction.