Kazakhstan decree directs crypto tax and stablecoin payment proposals
The decree sets deadlines for proposed tax relief and stablecoin payment rules; it does not put every measure into effect.
Kazakhstan President Kassym-Jomart Tokayev signed a digital-assets decree on July 7, 2026. It directs government agencies to develop measures for regulated crypto trading, stablecoin payments, tokenized securities, and digital mining. The decree sets tasks and deadlines; it does not make every proposed tax or payment measure immediately available.
Tax relief is a legislative proposal
The decree instructs the government to submit a bill by April 1, 2027, that would exempt individuals from income tax on digital-asset transactions through Kazakhstani service providers for a proposed period running from January 1, 2026, through December 31, 2028. That possible retroactive period is in the proposed bill, not proof that an exemption already applies. Kazakhstan’s Prime Minister’s office described the exemption as a proposed tax-code amendment on July 14.
Stablecoins and mining need further rules
The decree asks the National Bank and government to submit legislation by December 31, 2026, covering stablecoin payments for goods and services and cross-border trade. A separate task asks the Astana International Financial Centre to develop a mechanism by the same date for certain cross-border payments using stablecoins issued by its licensed participants. The AIFC says that mechanism concerns specified non-resident transactions. Neither instruction establishes that the proposed payment routes were operating when the decree was signed.
The government must also submit a bill by March 1, 2027, on using associated petroleum gas and natural gas at oil and gas fields to generate power for digital mining under specified conditions. This is a direction to draft a mechanism, not an unconditional authorization for miners to use gas.
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Tokenized securities
The decree directs the National Bank and other agencies to enable issuance and placement of tokenized government securities by the end of 2026. In September, Kazakhstan’s government approved a 65-measure implementation plan. An action plan is progress on the decree, but does not by itself show that the proposed tax exemption or stablecoin payment arrangements have taken effect.