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Kazakhstan To Establish Legal Framework For Bitcoin, Crypto – Bitcoin Magazine



Kazakhstan plans to release a regulatory framework to regulate bitcoin and cryptocurrencies, according to a report from Russian media outlet Tass.

Ekaterina Smyshlyaeva, a member of the Mazhilis Regional Development and Economic Reform Commission, said: “The National Assembly deputies developed an industry bill on digital assets of the Republic of Kazakhstan and four projects. relevant legislation as a legislative initiative”.

According to the report, the initiative is being developed due to the lack of a framework in the region as it deals with bitcoin and cryptocurrency mining. Additionally, Smyshlyaeva said that part of the draft law focuses on “the production and circulation of secured and unsecured digital assets.”

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