Kazakhstan offers crypto investors three years without income tax if they disclose assets and move to licensed local platforms

Kazakhstan has introduced a voluntary disclosure program for crypto assets that gives individual investors a three-year exemption from income tax on crypto transactions, provided they declare their holdings and move them from foreign services to licensed domestic platforms by the end of the year. For PSPs and crypto operators, the message is simple: local regulation is being used as the price of tax relief.

1. President Kassym-Jomart Tokayev signed the decree covering voluntary disclosure of crypto assets. Private crypto investors must disclose their digital assets by 31 December to qualify.
2. The tax holiday applies only to operations conducted through regulated Kazakh providers of virtual asset services. The declared crypto assets also must not be linked to illegal activity, fraud, or money laundering.
3. Deputy Minister of Artificial Intelligence and Digital Development Gizzat Baitursynov said the ministry is working on a simplified tax regime that would take effect after the three-year moratorium ends. The ministry is also working on a mechanism to suspend tax audits of crypto investors during that period.
4. The tax relief was formally proposed by the Ministry of Artificial Intelligence and Digital Development, the National Bank of Kazakhstan, and the Astana International Financial Centre (AIFC). In other words, this is not a side project from one regulator; it is being coordinated across the main institutional players.
5. As of March, Kazakhstan had about 1 million crypto addresses, nearly four times the number of users registered on legal local exchanges, at about 257,000 addresses. That gap is the real backdrop here: most crypto turnover by Kazakh traders is still happening outside the local regulated market, mainly on foreign platforms.

In April, the AIFC Financial Services Regulatory Committee (AFSA) said that OKX, HTX, Bitget and MEXC were operating illegally in Kazakhstan. Earlier, the country shut down 22 offices of illegal crypto exchanges and blocked more than 1100 online services connected to cryptocurrencies.