Kazakhstan Approves New Law On Digital Assets

Kazakhstan has just approved a new version of its law “On Digital Assets” and four related regulations.

According to local media, the laws, among other things, provide for measures to protect the national energy system from unregulated mining of cryptocurrencies, introduce mechanisms for administering a number of taxes, and regulate the circulation of secured digital assets.

The acceptance of documents was non-standard. The Senate returned on January 19 the laws to the lower house of parliament, with its amendments, but on the same day the dissolution of the latter was announced.

Until the formation of a new composition of the lower house of parliament, the legislative functions for it are performed by the Senate. Then, the amendments are considered adopted and sent for signature to the president.