Kazakhstan formalizes strategic mining rules requiring operators to contribute mined assets to a state-backed crypto reserve managed by the National Bank.
Regulation & Gov ·
Kazakhstan formalized cryptocurrency mining regulations on July 18, 2026, requiring operators designated as strategic digital miners to contribute a portion of their mined assets to a state-backed reserve. The rules allow qualifying companies to access electricity at capped rates tied to the maximum price charged to power producers, creating a subsidy mechanism tied to mandatory asset transfers.
The transferred digital assets will be held and managed by a state investment company operating under the National Bank of Kazakhstan as part of a strategic crypto reserve. This reserve has broad investment authority, permitted to hold digital assets directly, purchase digital asset-backed derivatives, and take equity stakes in companies engaged in digital asset development or investment activities.
The implementation rules take effect 10 calendar days after official publication. Details about which mining operations qualify as "strategic," the percentage of mined assets required to be transferred, and how the National Bank will deploy the reserve's holdings remain unspecified in available accounts.