Kazakhstan Moves Toward Crypto Adoption With CryptoCity Pilot Zone
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Kazakhstan is taking a significant step toward embracing crypto assets by launching a pilot zone called “CryptoCity.” During the Astana International Forum 2025, the country’s president, Kassym-Jomart Tokayev, noted that the initiative’s primary objective is to create a regulatory environment that enables the use of digital assets for purchasing goods and services. This will promote a structured environment for exploring and adopting crypto assets.
According to Tengri News, Kazakhstan’s Digital Development Minister, Zhaslan Madiyev, emphasized that the government is collaborating with regulators to determine the optimal location for the project.
“Over the past few years, Kazakhstan has undergone profound economic and institutional reforms. Our goal is clear: to build a more diversified, inclusive, and future-ready economy – one where growth is not just sustained, but shared,” the report stated.
Crypto for Everyday Use
Kazakhstan aims to integrate crypto into daily use and drive financial innovation. It also plans to lead the regional digital economy through the launch of CryptoCity. While executing plans for a favorable crypto framework, the president appreciated and honored prominent individuals at the event.
In addition to the latest announcement, First Vice Minister of Digital Development Kanysh Tuleushin noted that Kazakhstan could lead Central Asia’s crypto sector if regulations are eased. For Madiyev, the vision goes beyond technology. He views the project as a catalyst to attract developers and IT specialists, thereby stimulating economic growth.
Creating an Environment for Crypto Assets
While the primary focus is on the regulatory framework, Madiyev notes that the city is underdeveloped. He revealed that CryptoCity promotes the free flow of digital assets, establishes a regulatory framework, and recognizes crypto as a lawful medium of exchange.
With the latest development, Kazakhstan joins a growing list of countries that are moving towards crypto adoption. On January 30, 2025, El Salvador, the first country to legalize bitcoin (BTC), approved a bill making the adoption of BTC and crypto voluntary for its citizens.
CoinTab reported that under the country’s president, El Salvador is pushing for broad Bitcoin adoption as a key government initiative. The push marked a significant step in shifting the country towards innovation and technology.
The post Kazakhstan Moves Toward Crypto Adoption With CryptoCity Pilot Zone appeared first on Cointab.
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