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Kazakhstan is taking another step toward a legal and transparent digital assets market. The Financial Markets Regulatory and Development Agency (AFMRDA) has prepared rules for registering transactions with digital financial assets (DFAs) — the draft has already been published on the "Open NLA" portal and is open for public discussion until February 16.
What Will Change
Transactions with digital financial assets will be conducted in a specialized holder accounting system, with data reflected in the Central Depository's register. This means the market gains transparent infrastructure, and asset owners receive official confirmation of their rights.
A second important document specifies what can serve as the underlying asset for DFAs. The list includes:
The only exception is money in the literal sense, though its role in digital assets is already indirect.
Both regulations are expected to come into force as early as March 2026.
A second important document specifies what can serve as the underlying asset for DFAs. The list includes:
- securities (including derivatives);
- financial instruments;
- property rights;
- goods and other property.
The only exception is money in the literal sense, though its role in digital assets is already indirect.
Both regulations are expected to come into force as early as March 2026.
Why This Matters to You Right Now
Until now, the digital financial assets market in Kazakhstan has developed in conditions of legal uncertainty. The new rules create, for the first time, a clear procedure for:
For businesses, this means moving out of the "gray" zone and the ability to build strategies in line with the law, rather than despite it.
However, there is a nuance: the rules are already being prepared for adoption, which means companies working with digital assets — or planning to do so — need to be ready for the new requirements. Errors in accounting, incorrect transaction registration, or ignoring the new regulations could lead to risks and financial losses.
We support businesses in financial accounting matters. If you:
Submit a request for a consultation — we'll analyze your situation and advise on how to proceed under the new conditions.
- how to account for DFAs;
- how to confirm rights to them;
- how to register collateral;
- who can custody underlying assets and under what conditions.
For businesses, this means moving out of the "gray" zone and the ability to build strategies in line with the law, rather than despite it.
However, there is a nuance: the rules are already being prepared for adoption, which means companies working with digital assets — or planning to do so — need to be ready for the new requirements. Errors in accounting, incorrect transaction registration, or ignoring the new regulations could lead to risks and financial losses.
We support businesses in financial accounting matters. If you:
- already work with digital assets;
- are planning to issue or acquire DFAs;
- want to verify whether your processes comply with the new rules — get in touch. We'll help you understand the requirements, establish proper accounting, and avoid mistakes at the start.
Submit a request for a consultation — we'll analyze your situation and advise on how to proceed under the new conditions.