Kazakhstan eases cryptocurrency market regulations with new banking law

According to Foresight News , citing Cryptopolitan, Kazakh President Tokayev signed the Law on Banking and Banking Activities and the Amendments to the Law on Financial Market Regulation and Development, aiming to relax rules on crypto trading and promote fintech innovation. The new law defines digital financial assets as a new asset class, divided into three categories: stablecoins, tokens based on physical assets, and electronic financial instruments. Simultaneously, the law formally regulates unsecured digital assets (such as Bitcoin), allows the establishment of crypto trading platforms licensed by the central bank, and mandates that the central bank develop a list of tradable crypto assets and strengthen anti-money laundering and investor protection measures.