Overview

• President Kassym-Jomart Tokayev directed the creation of a State Fund of Digital Assets under the National Bank’s Investment Corporation to build a strategic reserve of promising crypto assets.
• He instructed the financial regulator to deliver comprehensive digital‑asset legislation by 2026 to govern the reserve and broader market reforms.
• Reports indicate the planned reserve could be financed with seized cryptocurrencies, proceeds from state‑backed mining, and taxes or mandatory contributions.
• Tokayev confirmed plans for Alatau to serve as a fully digitalized pilot zone where residents could pay for goods and services with cryptocurrency.
• The agenda also calls for expanding the digital tenge across national, local, and state‑owned enterprise budgets, alongside new anti‑fraud efforts using biometric ID and tighter oversight.