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Crypto

Kazakhstan pushes tax exemption on crypto trading income, overhauls capital market rules

Kazakhstan has issued a new decree covering cross-border payments using stablecoins, incentives to move offshore crypto assets into the domestic regulated market, and possible tax breaks for retail investors. The government is considering exempting personal income tax on digital-asset trading profits conducted through its regulated infrastructure. The decree also addresses crypto mining and power policy, allowing certain gas resources to generate electricity for mining. It includes instructions on tokenised financial products and possible tokenised government bonds.

Crypto

Kazakhstan opens crypto market, issues first exchange licence

Kazakhstan\'s central bank has issued its first licence to operate a cryptocurrency exchange under a revised digital asset legal framework. The initial permit went to local company Pax Finance, allowing nationwide trading and custody beyond Astana\'s special financial zone. The central bank said a licensing regime began on May 1 and reiterated firms must also register with it. Authorities have also tightened enforcement, closing about 130 illegal venues and seizing assets.

Crypto

Changpeng Zhao urges 24-hour trading for tokenised stocks, calls on governments to issue stablecoins

Changpeng Zhao (창펑 자오), founder of Binance, urged governments to move stock markets and currencies onto blockchain networks. He said tokenising shares and issuing stablecoins linked to domestic currencies could reshape the financial system as traditional finance moves on-chain. Zhao said tokenised stocks could allow 24-hour trading, fractional investment and faster settlement. He also argued domestic-currency stablecoins could help preserve monetary sovereignty as digital payments expand.