March 1, 2023

The Senate approved the law on digital assets in Kazakhstan

The deputies of the Senate approved the law “On Digital assets in the Republic of Kazakhstan” in a new edition.

During the plenary session of the Chamber, the accompanying laws were also approved – “On Amendments and Additions to Some legislative acts of the Republic of Kazakhstan on digital assets, informatization and judicial administration”, “On Amendments and Additions to the Code of the Republic of Kazakhstan on Administrative Offenses”, “On Amendments and Additions to the Code of the Republic of Kazakhstan “On Taxes and Other Mandatory Payments to the Budget” (Tax Code) and the Law of the Republic of Kazakhstan “On the Enactment of the Code of the Republic of Kazakhstan “On Taxes and Other Mandatory Payments to the Budget” (Tax Code)”.

It was noted that the norms of these laws are aimed at creating a legal framework for the further development of activities for the issuance and turnover of digital assets and digital mining in the country.

Recall that at the previous meeting of the Chamber, senators conceptually approved these Laws, but returned them to the Majilis with a number of their proposals concerning its individual articles.