Kazakhstan’s president signs decree to pull crypto trade into the country
The post Kazakhstan’s president signs decree to pull crypto trade into the country appeared on BitcoinEthereumNews.com. Kazakhstan President Kassym-Jomart Tokayev has today signed a decree that will ease stablecoin cross-border payments and offer income-tax relief to retail traders. The decree will also let miners burn unneeded gas for power, aimed at drawing crypto business into the country. The order was drafted via an alliance between the Ministry of Artificial Intelligence and Digital Development (MAIDD), the National Bank of Kazakhstan and the Astana International Financial Centre. The decree is seen as the legal precursor for a regulated digital asset market, which Kazakhstan hopes will pull outside capital and give crypto firms much clearer rules for operation. Stablecoins for imports and exports A core interest for the newly signed decree in the country revolves around building mechanisms to use digital assets and stablecoins in cross-border settlements. Officials say this cou