The President of Kazakhstan calls for a speedy expansion of the encryption infrastructure

Kazakhstan plans to expand legal encryptions, as President Casem Gomart Tukayev has called for urgent changes to improving the country’s infrastructure of digital assets.

Although the US government becomes more suitable for encryption, KazakhstanPresident Casem Gomart Tukayev presses for the rapid expansion of the country’s encryption infrastructure.

Talk to Government meetingTokaev stressed that the country needs to adapt quickly to the new technological scene. He pointed out that many encryption users in Kazakhstan are still working in what he called the “Gray District”. For each tokaev, only about 5 % of encryption investors use organized platforms like those in the International Financial Center in Astana (such as Galaxy Digital, Skybridge Digital Finance and Swiftex, Among other things).

“[…] According to experts, only 5 % of the encryption investors in Kazakhstan use the center’s platform, while the rest works in the so -called “gray zone”. Urgently, the infrastructure of the broader legal trading of digital assets must be created. Financial organizers should focus on developing the appropriate legislative framework. “

Kassym-jomart tokayev

Kazakhstan’s financial monitoring also rose against illegal encryption exchanges. In 2024, the country closed 36 illegal platforms with a joint rotation of 60 billion tins (about 112.84 million dollars).

As Crypto.News I mentioned Earlier, the organizers also prevented more than 3,500 unregistered encryption trading sites, where they worked with the National Security Committee and the Ministry of Culture and Information.