Kazakhstan has announced plans to establish a National Cryptocurrency Analytics Center that will monitor digital asset transactions across fiat payments, crypto transfers, wallets and customer data. The disclosure came on Sept. 15 from National Bank of Kazakhstan Chairman Timur Suleimenov during a government meeting, according to Qazinform News Agency.
The new center will be built on the central bank's SupTech supervisory platform and integrated with the existing Anti-Fraud Center. Banks, law enforcement agencies and licensed digital asset providers will receive access to the center's verification tools, allowing them to assess both fiat and cryptocurrency components of transactions alongside client and wallet information.
The National Bank has been developing SupTech as a centralized system for supervising digital asset markets and payment organizations. In an August update on its 2025-2029 digitalization and data management strategy, the central bank said the platform covers registries, regulated entity profiles, report analysis, blockchain analytics and automated supervisory actions. The full supervisory cycle was expected to move to the system during the second half of 2026.
Kazakhstan has been widening oversight of cryptocurrency activity while allowing regulated digital asset services. Authorities blocked more than 1,100 online platforms offering unauthorized crypto exchange services during 2025. A year earlier, financial authorities liquidated 36 illegal crypto platforms with combined turnover of 60 billion tenge and seized 4.8 million USDT from unauthorized operators. Officials said platforms without proper anti-money laundering and Know Your Customer controls were used for fraud and drug trafficking.
The Anti-Fraud Center has been operating since August 2024, allowing participating institutions to exchange information in real time and maintain a centralized database of suspected fraud. More than 200 organizations, including banks, microfinance companies, telecom operators and government agencies, had connected by July 2025. As of Jan. 1, 2026, the system had registered 80,871 incidents involving transactions with signs of fraud and roughly 19,810 incidents connected to drug trafficking, illegal gambling and financial pyramid schemes. Authorities had blocked 2.8 billion tenge through the system by that point, while more than 500 million tenge had been returned to people affected by fraud. The National Bank has also been developing artificial intelligence tools for behavioral analysis and early detection of suspicious customer activity, with a pilot project on session-based analysis planned to examine user behavior inside financial applications.
Kazakhstan has also expanded regulated crypto services. Bybit Kazakhstan launched the country's first regulated P2P platform in November 2025 under an Astana Financial Services Authority license, requiring users to complete identity checks and routing fiat payments through corporate bank accounts belonging to licensed financial institutions. During the initial rollout, users made fiat transfers through verified Halyk Bank cards. The Astana Financial Services Authority separately began a pilot in September 2025 allowing eligible firms to pay regulatory fees using U.S. dollar-pegged stablecoins through approved agents. Alatau City Bank partnered with Binance Kazakhstan in July to introduce Crypto Pay, enabling purchases through QR codes and point-of-sale terminals connected to the bank's acquiring network.
The broader state crypto push includes a national crypto reserve. Licensed Bitcoin miners may receive additional electricity capacity when they contribute part of their mined cryptocurrency to the state reserve. The National Investment Corporation, the central bank's investment arm, earmarked $350 million from foreign currency and gold reserves for crypto-related investments and planned to gain exposure through hedge funds rather than direct purchases. Kazakhstan ranked fifth globally in Bitcoin mining activity in April 2025, according to the Cambridge Digital Mining Industry Report.
