Svmuu News: Kazakh President Tokayev has signed a presidential decree on “Measures to Stimulate and Develop the Digital Asset Industry,” which proposes allowing businesses and government agencies to use stablecoins for cross-border payments.
The decree states that exploring payment mechanisms for crypto assets will open new channels for Kazakhstan’s import and export business. At the same time, the plan calls for exempting individuals from personal income tax on crypto transactions conducted through the national regulatory infrastructure and encourages users to transfer digital assets previously held on unregulated overseas platforms to domestic service providers.
Furthermore, the decree restricts the use of associated natural gas for cryptocurrency mining, stipulating that this resource may be used for digital asset mining only if it is “not required to meet domestic needs.” The decree was jointly drafted by Kazakhstan’s Ministry of Artificial Intelligence and Digital Development, the National Bank of Kazakhstan, and the Astana International Financial Center. (Bits.media)