The Kazakstan National Bank will study the possibility of Stablecoin’s release

“So far we have built the first vision: we meet with the market participants, who can make any proposal, we are waiting and adapt as part of the” regulatory sandbox “. After the” regulatory sandbox “, we will establish the part of the part of the Application of the law in the law.

Regulatory Sandbox is a special legal regime for the experimental implementation of technologies, which are not currently regulated by the applicable law. Sholpankulov said that mode will allow to buy and sell digital financial assets without registering in the exchange.

At the same time, the National Bank vice president emphasized that digital cryptography assets will not become a means of payment. Stebbblein, as Sholpankulov expected, can be used as one of the investment tools.

At the end of January, Kazakstan Kasym-Zhomart Tokaev president announced the need for urgent infrastructure creation for the legal circulation of digital assets, including cryptocurrencies. Now, operations with cryptocurrencies in the country are only allowed in license exchanges of the International Financial Center of Astana (MFCA), for example, in Binance and Bybit.

In October, the Kazakhstan financial monitoring agency said there are special forces in the country that are dedicated to the fight against illegal circulation in the field of digital assets. Since the beginning of 2024, 19 cryptographic exchangers have been settled with a total turnover of more than $ 60 million in Kazakhstan.