Techub News reports that according to Cryptopolitan, Kazakh President Tokayev has signed the "Banking and Banking Activities Law" and the "Financial Market Regulation and Development Amendments," aiming to adjust the country's regulatory framework related to digital assets. The report states that the new legislation defines "Digital Financial Assets" (DFA) as a new asset class, divided into stablecoins, asset-backed tokens, and electronic financial instruments, with the National Bank of Kazakhstan responsible for issuing crypto exchange licenses, creating a list of circulating cryptocurrencies, and anti-money laundering regulation. Commercial banks are permitted to invest in fintech companies and develop innovative financial products, including systems related to mobile payments and digital tenge.
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Techub News reports that according to Cryptopolitan, Kazakh President Tokayev has signed the "Banking and Banking Activities Law" and the "Financial Market Regulation and Development Amendments," aiming to adjust the country's regulatory framework related to digital assets. The report states that the new legislation defines "Digital Financial Assets" (DFA) as a new asset class, divided into stablecoins, asset-backed tokens, and electronic financial instruments, with the National Bank of Kazakhstan responsible for issuing crypto exchange licenses, creating a list of circulating cryptocurrencies, and anti-money laundering regulation. Commercial banks are permitted to invest in fintech companies and develop innovative financial products, including systems related to mobile payments and digital tenge.