BAKU, Azerbaijan, October 9. Kazakhstan has
drafted rules governing the issuance of digital financial assets by
domestic financial organizations and residents, as well as by
participants of the Astana International Financial Centre (AIFC),
the National Bank of Kazakhstan said.
This was reflected in a press release issued by the National
Bank of Kazakhstan today.
According to the publication, the draft joint resolution of the
National Bank and the Agency for Regulation and Development of the
Financial Market establishes requirements for Kazakh financial
organizations and residents seeking access to issue digital
financial assets within the AIFC.
It also sets out procedures for AIFC participants to issue such
assets through the digital platform of a digital financial asset
platform operator.
According to the explanatory note published on Kazakhstan’s Open
Legal Acts portal, the draft aims to “integrate the digital asset
market into the country's unified financial system” and improve
protection for investors and clients.
The initiative is being developed pursuant to a presidential
decree dated October 13, 2025, implementing the president’s address
to the nation, as well as a law dated January 16, 2026, introducing
amendments to legislation on financial market regulation and
development, communications and bankruptcy.
The proposed rules are expected to take effect once the
resolution enters into force. The authorities stated in the
explanatory note that its adoption is not expected to produce
negative socioeconomic or legal consequences.
The initiative seeks to establish a regulatory framework for
interaction between Kazakhstan’s domestic financial market and the
AIFC, which operates under a separate legal and regulatory
framework. The practical impact will depend on the final
requirements and the implementation of the rules.
