Kazakhstan will launch an innovation zone for the use of cryptocurrencies as a means of payment for goods and services

He also stated the country’s aspiration to become a Eurasian IT hub

President of Kazakhstan announces the launch of the CryptoCity zone for the payment of goods and services with cryptocurrency

29.05.2025 - 14:25

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2 min

What’s new? President of Kazakhstan Kassym-Jomart Tokayev has announced the launch of an innovative pilot zone called CryptoCity, where cryptocurrencies can be used to buy goods, services other purposes. He also noted significant progress in digital transformation, reflecting the country’s ambition to become the IT hub of Eurasia.

TG-channel of the presidential press service

What else is known?

“We are investing in human capital, expanding opportunities for young professionals. Our top priority is to reduce regional disparities and strengthen the middle class. That is why we continue to strengthen our potential in key sectors — from digital technologies and artificial intelligence to clean energy and high-value-added manufacturing,” noted the President of Kazakhstan,” Tokayev said.

He added that authorities are focusing on AI technologies in an effort to make the country an academic and innovation hub, with a number of branches of foreign universities and research and development partnerships.

In addition, Kazakhstan is preparing to launch the most powerful supercomputer, which has already been delivered to the country, the president said.

Kazakhstan’s Vice Minister suggests that crypto regulation should be relaxed to develop the country as a regional crypto hub

The official also noted that mining companies can play a key role in modernizing the country’s energy infrastructure

Last June, Kazakh authorities legalized the native token of the TON blockchain. This happened after Pavel Durov, the creator of TON and messenger Telegram, visited the Astana International Financial Center (AIFC), under which crypto trading is allowed in the country.

In October of the same year, the Astana Financial Services Authority (AFSA) granted the world’s largest crypto exchange Binance a fully regulated Digital Asset Trading Facility (DATF) license.

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