Kazakhstan is undertaking an ambitious overhaul of its cryptocurrency sector after authorities revealed that nearly 95% of digital asset turnover in 2024 occurred outside the legal framework. With illegal trading volumes exceeding €13 billion, policymakers have shifted from passive oversight to structured regulation. The government has formally recognized digital assets as part of the national… Continue reading Kazakhstan’s Crypto Reset: From Shadow Market to Regulated Digital Hub
Tag: Kazakhstan
Kazakhstan Unveils Alem Crypto Fund to Build Nation’s First Digital Asset Reserve
Kazakhstan has launched its first state-backed cryptocurrency reserve, known as the Alem Crypto Fund, marking a pivotal step in the nation’s digital finance strategy. Positioned as a long-term investment vehicle, the fund is designed to diversify national reserves, attract global capital, and strengthen Kazakhstan’s role in the rapidly evolving crypto economy. With its significant mining… Continue reading Kazakhstan Unveils Alem Crypto Fund to Build Nation’s First Digital Asset Reserve