Kazakhstan has passed new legislation officially recognizing digital financial assets as a formal asset class to promote fintech and crypto industry growth. The law defines three categories of digital financial assets: stablecoins, asset-backed tokens, and electronic financial instruments, and includes provisions to regulate Bitcoin and other unsecured digital assets. Licensed crypto exchanges will operate under central bank oversight with restrictions and anti-money laundering measures in place to safeguard investors.
[IMPORTANT] Kazakhstan Implements New Law to Regulate and Foster Digital Financial Assets
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