Kazakhstan's President Tokayev announces the creation of 'CryptoCity,' a regulated zone for cryptocurrency transactions, aimed at modernizing the economy and attracting tech ventures.
Kazakhstan's President Kassym-Jomart Tokayev announced the 'CryptoCity' initiative, a pilot zone allowing cryptocurrency transactions for goods and services. This project is part of Kazakhstan's strategy to modernize its financial infrastructure and will be discussed further at the 2025 Astana International Forum. The initiative aims to create a regulated environment for cryptocurrency adoption, with Alatau as a potential location, and seeks to boost sectors like real estate and investments.