TechFlow news, January 17 — According to Cryptopolitan, Kazakh President Tokayev signed the "Law on Banking and Banking Activities" and the "Amendments to the Financial Market Regulation and Development Act," aiming to ease cryptocurrency trading regulations and promote financial technology innovation. The new legislation defines digital financial assets (DFAs) as a new asset class, divided into three categories: stablecoins, asset-backed tokens, and electronic financial instruments.
Under the new rules, the National Bank of Kazakhstan will be responsible for issuing licenses to cryptocurrency exchanges, establishing a list of permitted cryptocurrencies for circulation, and overseeing the market to prevent money laundering. Commercial banks are now authorized to invest in fintech companies and develop innovative financial products, including mobile payment systems and the digital tenge system.
