Kazakhstan has enacted a new law legalizing cryptocurrency investments while prohibiting digital asset payments. The legislation, currently under Senate review, places cryptocurrency exchanges under the oversight of the National Bank of Kazakhstan (NBK). It mandates licensed trading of approved cryptocurrencies to enhance investor protection and stabilize liquidity and crypto markets. The law also aims to bolster measures against the financing of terrorism, extending its regulatory reach beyond the Astana International Financial Centre (AIFC) to encompass the national crypto sector. This move reflects Kazakhstan's efforts to create a more secure and regulated environment for cryptocurrency activities.