Jurisdiction reference
Kazakhstan
Regulator: AFSA (AIFC). License/registration context: Licensing. 209 VASP/entity records are tracked by Plexo Institute in Kazakhstan. Official registry source: AFSA AIFC Register. Data last updated: 2026-08-28.
Proposed Digital Assets Law expected passage in 2025; three-tier Digital Financial Asset (DFA) classification: stablecoins certifying money (fiat-backed), secured assets issued against collateral, digital financial instruments. The NBK regulates stablecoin issuance and digital infrastructure; ARDF sets requirements for other DFAs; Licensed Digital Platform Operators issue stablecoins; 1:1 backing required; digital tenge recognized as legal tender for payments; stablecoins permitted as loan collateral; financial organizations permitted investment in DFAs within standards; comprehensive regulatory framework on schedule for 2025 implementation. Meanwhile, within the AIFC, the Astana Financial Services Authority (AFSA) has a functioning Stablecoin Framework allowing fiat-backed issuance, and in June 2025 granted its first stablecoin license to AnchorX.KZ.
Regulatory Status
- Jurisdiction code
- KZ
- Regime
- Licensing
- Regulator
- AFSA (AIFC)
- Governing law
- AIFC Framework on Digital Assets 2022
- Travel Rule
- Legislated
- Tracked entities
- 209
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed, algorithmic
- Yield-bearing stablecoins
- Restricted
- Currency
- KZT
Relationship Graph
Jurisdiction FAQ
Who regulates Kazakhstan?
The current Plexo Institute record lists AFSA (AIFC) as the regulator for Kazakhstan.
How many VASPs are tracked in Kazakhstan?
209 VASP/entity records are tracked by Plexo Institute in Kazakhstan.
What is the Travel Rule status in Kazakhstan?
The current Plexo Institute record lists the Travel Rule status for Kazakhstan as Legislated.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.