- Kazakhstan has introduced new rules enabling citizens to purchase cryptocurrency legally through licensed exchanges.
- Kazakhstan and Kyrgyzstan plan to build a faster highway and a major logistics hub near their border.
- New laws are being drafted in Kazakhstan to stop illegal crypto transfers and protect the economy.
According to reports, the National Bank of Kazakhstan introduced a new regulatory framework that facilitates citizens to legally purchase cryptocurrency through approved and licensed exchanges.
This move is expected to enhance transparency and reduce reliance on unregulated foreign platforms. It also enforces strict oversight and licensing requirements for crypto service providers in the country.
The move also comes after the withdrawal of approximately $15 billion in crypto assets from the country due to inadequate regulatory oversight.
A new International Transport and Logistics Hub?
In related regional developments, the Kyrgyz-Kazakh Business Council convened in Bishkek to discuss key bilateral cooperation projects.
During the meeting, Kazakhstan also announced plans to develop a major International Transport and Logistics Complex (ITLC) near the Kyrgyz border in the Alatau area, suggesting there may be more growth for the use of digital currency in the region.
