At the 2025 Astana International Forum, Kassym-Jomart Tokayev announced an exciting plan to create a pilot zone called CryptoCity, with the goal of creating a regulatory sandbox for digital assets and making cryptocurrencies a payment tool in everyday life. (Synopsis: Kazakhstan's central bank shouts 2025 to fully move towards CBDC: has promoted the digital tangi pilot to accelerate the tax refund process) (Background supplement: Kazakhstan pushes digital asset law: miners and transactions need to "register and license", short-term mining computing power may escape) At the 2025 Astana International Forum, Kazakh President Kassym-Jomart Tokayev announced an exciting plan to create a "crypto city." (CryptoCity) pilot area, the goal is to build a regulatory sandbox of digital assets, allowing cryptocurrencies to become payment tools in everyday life. In his speech, he said: "We plan to create a groundbreaking pilot zone called 'Crypto City', where cryptocurrencies can be used to buy goods, services, and even wider applications. CryptoCity's Vision: Digital Currency Comes to Life Kazakhstan's "Crypto City" project aims to create a pilot environment that allows the free circulation of cryptocurrencies, allowing people to pay bills at restaurants, cafes, buy real estate, and even invest in digital currency. Tokaev stressed that this pilot zone will explore the application of cryptocurrencies in a regulated sandbox environment, ensuring that innovation and security coexist. He said: "'Crypto City' means the free circulation of cryptocurrencies, friendly cryptocurrency legislation, and cryptocurrencies as a legal payment instrument. At the same time, according to Zhaslan Madiyev, Minister of Digital Development of Kazakhstan, the initiative is expected to attract blockchain developers, programmers and IT experts from all over the world to Kazakhstan and promote local economic growth. "I believe this will be a major breakthrough for the blockchain industry," he said. In addition, the government is actively developing a legal framework to ensure the legal use of cryptocurrencies in the pilot zone and lay the groundwork for future nationwide rollouts. Candidate city Alatau It is understood that Kazakhstan has listed Alatau, located near the southeastern border, as a top candidate for a "crypto city". "Of course, the most promising location is the new city of Alatau, which is the initiative of the president," Madiev noted. Alatau is not only a major scientific research center in Kazakhstan, but also has the Institute of Nuclear Physics, the State Nuclear Center and the Institute of Physics and Technology, as well as the "Innovation and Technology Park" special economic zone. These conditions make Alatau an ideal testing ground, and the government believes that the establishment of a "crypto city" here will create synergies with the existing technology base and attract more capital and innovative talent. Madiev added: "The government and regulators are working together to select the most suitable locations, and the unique advantages of Alatau make it stand out. Kazakhstan actively embraces cryptocurrencies and blockchain Kazakhstan has shown a positive attitude in the field of cryptocurrencies and blockchain in recent years, such as: Central bank digital currency experimentation: In 2024, Kazakhstan launched a digital currency pilot program in cooperation with the Central Bank, which successfully shortened the waiting time for VAT refunds and improved financial efficiency. Advantages of cryptocurrency mining: Kazakhstan has abundant energy resources, especially as a source country of 40% of the world's uranium, which provides low-cost energy support for cryptocurrency mining. According to publicly available information, the country at one point became the second largest bitcoin mining center in the world in 2021. Regulatory Reform and Attracting Investment: First Deputy Minister for Digital Development Kanysh Tuleushin said that Kazakhstan has the potential to become a cryptocurrency hub in Central Asia if regulatory restrictions are eased. The government is actively developing friendly regulatory policies to attract international blockchain companies. Related reports Telegram will set up an office in Kazakhstan, local government: moving towards regulatory compliance can't hold on! Kazakhstan plans to increase the tax on mining by 500%, and many miners are considering moving to the United States and Russia Cannan|Another mining company to enter Kazakhstan! Canaan Technology's local self-operated mining machines worked, closely following Bitmain, BTC.com "Kazakhstan launches the "CryptoCity" plan: establish a digital experimental area, cryptocurrency into daily payment" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".
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Kazakhstan launches the "CryptoCity" initiative: establishing a digital experimental zone where Crypto Assets are integrated into daily payments.
At the 2025 Astana International Forum, Kassym-Jomart Tokayev announced an exciting plan to create a pilot zone called CryptoCity, with the goal of creating a regulatory sandbox for digital assets and making cryptocurrencies a payment tool in everyday life. (Synopsis: Kazakhstan's central bank shouts 2025 to fully move towards CBDC: has promoted the digital tangi pilot to accelerate the tax refund process) (Background supplement: Kazakhstan pushes digital asset law: miners and transactions need to "register and license", short-term mining computing power may escape) At the 2025 Astana International Forum, Kazakh President Kassym-Jomart Tokayev announced an exciting plan to create a "crypto city." (CryptoCity) pilot area, the goal is to build a regulatory sandbox of digital assets, allowing cryptocurrencies to become payment tools in everyday life. In his speech, he said: "We plan to create a groundbreaking pilot zone called 'Crypto City', where cryptocurrencies can be used to buy goods, services, and even wider applications. CryptoCity's Vision: Digital Currency Comes to Life Kazakhstan's "Crypto City" project aims to create a pilot environment that allows the free circulation of cryptocurrencies, allowing people to pay bills at restaurants, cafes, buy real estate, and even invest in digital currency. Tokaev stressed that this pilot zone will explore the application of cryptocurrencies in a regulated sandbox environment, ensuring that innovation and security coexist. He said: "'Crypto City' means the free circulation of cryptocurrencies, friendly cryptocurrency legislation, and cryptocurrencies as a legal payment instrument. At the same time, according to Zhaslan Madiyev, Minister of Digital Development of Kazakhstan, the initiative is expected to attract blockchain developers, programmers and IT experts from all over the world to Kazakhstan and promote local economic growth. "I believe this will be a major breakthrough for the blockchain industry," he said. In addition, the government is actively developing a legal framework to ensure the legal use of cryptocurrencies in the pilot zone and lay the groundwork for future nationwide rollouts. Candidate city Alatau It is understood that Kazakhstan has listed Alatau, located near the southeastern border, as a top candidate for a "crypto city". "Of course, the most promising location is the new city of Alatau, which is the initiative of the president," Madiev noted. Alatau is not only a major scientific research center in Kazakhstan, but also has the Institute of Nuclear Physics, the State Nuclear Center and the Institute of Physics and Technology, as well as the "Innovation and Technology Park" special economic zone. These conditions make Alatau an ideal testing ground, and the government believes that the establishment of a "crypto city" here will create synergies with the existing technology base and attract more capital and innovative talent. Madiev added: "The government and regulators are working together to select the most suitable locations, and the unique advantages of Alatau make it stand out. Kazakhstan actively embraces cryptocurrencies and blockchain Kazakhstan has shown a positive attitude in the field of cryptocurrencies and blockchain in recent years, such as: Central bank digital currency experimentation: In 2024, Kazakhstan launched a digital currency pilot program in cooperation with the Central Bank, which successfully shortened the waiting time for VAT refunds and improved financial efficiency. Advantages of cryptocurrency mining: Kazakhstan has abundant energy resources, especially as a source country of 40% of the world's uranium, which provides low-cost energy support for cryptocurrency mining. According to publicly available information, the country at one point became the second largest bitcoin mining center in the world in 2021. Regulatory Reform and Attracting Investment: First Deputy Minister for Digital Development Kanysh Tuleushin said that Kazakhstan has the potential to become a cryptocurrency hub in Central Asia if regulatory restrictions are eased. The government is actively developing friendly regulatory policies to attract international blockchain companies. Related reports Telegram will set up an office in Kazakhstan, local government: moving towards regulatory compliance can't hold on! Kazakhstan plans to increase the tax on mining by 500%, and many miners are considering moving to the United States and Russia Cannan|Another mining company to enter Kazakhstan! Canaan Technology's local self-operated mining machines worked, closely following Bitmain, BTC.com "Kazakhstan launches the "CryptoCity" plan: establish a digital experimental area, cryptocurrency into daily payment" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".