Kazakhstan Crypto Regulation Brings Central Bank Control

Kazakhstan has taken a huge step in regulating cryptocurrency. On January 16, 2026, President Kassym-Jomart Tokayev signed new laws giving the National Bank authority over the country’s crypto market. 

This change allows the bank to license crypto exchanges and approve which cryptocurrencies, like Bitcoin, can be legally traded. The Kazakhstan’s crypto regulation move aims to formalize the market while maintaining financial stability.

🇰🇿🚨 KAZAKHSTAN HANDS CRYPTO CONTROL TO CENTRAL BANK

Kazakhstan’s President approved new laws to regulate crypto like $BTC under central bank control.

This will let its National Bank oversee the crypto market and approve which crypto can only be legally traded. pic.twitter.com/DXbSrTZRds

— Coin Bureau (@coinbureau) January 19, 2026

A Shift in Kazakhstan’s Policy

Kazakhstan was once a global leader in Bitcoin mining. In 2022, it produced more than 18% of the world’s Bitcoin hashrate. Back then, rules were relaxed, attracting miners from around the world. 

However, the government has now made the regulations stricter due to energy concerns and international pressure. By giving the central bank control, Kazakhstan hopes to create a safer, more reliable crypto environment.

Goals of Central Bank Oversight

The new rules aim to balance growth and safety. By approving which cryptocurrencies can be traded, the National Bank can prevent scams and illegal activities. Additionally, the regulations may encourage institutions to enter the market. Clear rules reduce uncertainty, which attracts investment. At the same time, critics worry that central bank control could limit crypto’s decentralized nature.

Mixed Reactions in the Community

Crypto enthusiasts on social media had mixed reactions. Some were more than alright with the rules, saying they give legal clarity and protect investors. Others argued that strict oversight could reduce the space for innovation. 

Analysts note that balancing innovation, adoption and regulation is a common challenge in emerging markets. Meanwhile, the government must ensure that the rules do not discourage developers from building new projects.

Kazakhstan’s Fintech Strategy

Kazakhstan is also setting itself as a Central Asian fintech hub. The Astana International Financial Centre (AIFC) is key to this plan. By formalizing crypto rules, the country hopes to attract global investors and technology companies. Observers say these measures show that the government is serious about combining innovation with safety.

Looking Ahead

Although central bank control may seem restrictive to some, it could make the crypto market more predictable and safe. Investors and developers will watch how the National Bank implements these laws. Ultimately, Kazakhstan’s crypto regulation approach could be a model for other countries exploring legal frameworks for cryptocurrency.