Kazakhstan Offers Crypto Tax Exemption to Drive Local Exchange Growth
Kazakhstan's President Kassym-Jomart Tokayev has signed a decree exempting individuals from income tax on digital-asset gains for three years. This move aims to drive an estimated 1 million crypto wallets off foreign platforms and onto licensed domestic exchanges.
The decree was created by the Ministry of Artificial Intelligence and Digital Development, the National Bank of Kazakhstan, and the Astana International Financial Centre (AIFC). It states that private investors will owe no personal income tax on gains from digital-asset transactions for three years. Assets linked to fraud, money laundering, or unlicensed crypto services are exempted from this decree.
Kazakhstan's Vice Minister of AI and Digital Development, Gizzat Baitursynov, said his department is already drafting a simplified tax regime that will be implemented after the three-year window. The AIFC data shows that Kazakh citizens hold roughly 1 million crypto wallets, nearly four times the 256,900 users registered on authorized local exchanges as of March.