The Majilis have approved the new bill “On Digital Assets of the Republic of Kazakhstan” governing the regulation of crypto assets alongside four other crypto mining regulation bills in Kazakhstan.

The proposed regulations in Kazakhstan regarding digital mining and the use of cryptocurrencies appear to be aimed at providing a more structured and controlled framework for the mining, and use of cryptocurrencies within the country.

The proposed measures include the introduction of licensing for digital miners, as well as new taxes on corporate income, and value-added tax for individuals conducting transactions with cryptocurrencies.

(by Josh O'Sullivan)