While Kazakhstan’s government is catching up with the tremendous volume of crypto mining in the country by introducing new taxes and regulations, the local central bank intends to explore the possibilities that crypto offers.
During the press conference held on Tuesday, June 7, the chairman of the Kazakhstan National Bank Galymzhan, Pirmatov, stated that the nation aims to extract the profit from technologies the cryptocurrency market could provide. He emphasized the attractiveness of innovations and made reservations about the risks to macroeconomic stability. The official doesn’t think that the bank is late to the game:
“I don’t think that the National Bank is a latecomer. Like many other banks and financial regulators across the globe, we’re watching closely and researching the question.”
Pirmatov didn’t give away any details on the bank’s possible stance on crypto and warned that it is too early to speak about legalization, although consultations with market participants are...
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