Kazakhstan Compliance Report

Regulatory Overview

Regulatory Status

Crypto regulated under existing securities/payments/banking law

Primary Legislation

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Travel Rule

Not adopted

Tax Reporting

**General Republic of Kazakhstan:** The National Bank of Kazakhstan has historically maintained a cautious stance, stating that cryptocurrencies are **not legal tender** and are generally viewed as **digital property or assets**. The use of cryptocurrencies for payments is prohibited outside the AIFC.. **Astana International Financial Centre (AIFC):** The AIFC operates under its own jurisdiction based on English common law and has a more progressive approach to digital assets. Within the AIFC, specific regulations allow for the operation of digital asset exchanges and other crypto-related activities under the supervision of the AIFC Financial Services Authority (AFSA). Here, digital assets are recognized as a specific class of assets.. **General Principle:** Gains derived from the sale or exchange of digital assets are generally subject to **Individual Income Tax (IIT)**. When a cryptocurrency is sold for a higher price than its acquisition cost, the difference is considered a capital gain.. **Tax Rate:** The standard IIT rate in Kazakhstan is a **flat 10%**.. **Taxable Events:** Selling crypto for fiat, exchanging one crypto for another (crypto-to-crypto trades), using crypto to purchase goods or services.

Key Facts

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