Kazakhstan has launched a voluntary tax amnesty program that exempts personal income tax on eligible cryptocurrency gains for three years, provided assets are declared and transferred to licensed domestic platforms by December 31, 2026. President Kassym-Jomart Tokayev signed the decree on July 7, outlining measures to strengthen the country’s digital-asset industry and attract investors back from offshore exchanges.
Under the program, individuals can benefit from a tax exemption covering the period from 2026 through 2028. The relief applies only to assets not linked to fraud, money laundering, or other illegal activity, and requires holders to move their crypto to approved Kazakhstan-based service providers. The initiative follows the country’s broader regulatory framework that took effect on May 1, 2026, introducing rules for stablecoins, tokenized assets, and digital-asset service providers.
Data from March 2026 showed approximately one million crypto wallets in Kazakhstan, but only around 257,000 users registered with authorized local exchanges. The tax incentive aims to close this gap and bring more activity into the regulated sector. The decree also encourages crypto mining powered by associated petroleum gas, allowing the use of gas that would otherwise be flared at oil fields—a measure that could reduce waste and provide alternative energy for miners.
Kazakhstan’s strategy includes aligning with international reporting standards, as it prepares to implement the OECD’s Crypto-Asset Reporting Framework with first automatic information exchanges expected in 2027. This combination of tax incentives and tighter oversight seeks to create a transparent, competitive domestic market while curbing reliance on unregulated offshore platforms.
