Kazakhstan Grants 3-Year Crypto Tax Exemption to Boost Domestic Exchange Use

Kazakhstan has introduced a three-year tax exemption for individual cryptocurrency investors as part of a government initiative to bring an estimated one million crypto wallets held on foreign platforms onto licensed domestic exchanges. President Kassym-Jomart Tokayev signed the decree on July 7, 2026, establishing a voluntary disclosure program that allows citizens to avoid personal income tax on digital asset gains from 2026 through 2028 if they declare their holdings and transfer them to regulated Kazakh platforms by December 31, 2026.

The decree, developed by the Ministry of Artificial Intelligence and Digital Development, the National Bank, and the Astana International Financial Centre (AIFC), aims to close a significant gap between overall crypto activity and participation in the regulated market. According to AIFC data, Kazakh citizens held roughly one million crypto wallets as of March 2026, while only about 257,000 users were registered on authorized local exchanges. Previous reports indicated that approximately 95% of the country's crypto turnover occurred outside the regulated market, through peer-to-peer deals or on foreign platforms.