Binance signed agreements with several government and financial institutions in Kazakhstan to develop digital asset and payment infrastructure, explore the potential issuance of a stablecoin, and expand the use of cryptocurrencies in the country’s investment programs.
Cryptocurrency exchange Binance signed memoranda of understanding (MoUs) with Kazakhstan’s Ministry of Artificial Intelligence and Digital Development, the National Bank of Kazakhstan, and the Astana International Financial Centre (AIFC). The agreements cover 3 interconnected areas: digital assets, payment infrastructure, and investment instruments.
Under the memorandum with the Ministry of Artificial Intelligence and Digital Development, Binance plans to expand cooperation in digital assets, digital and computing infrastructure, and innovative payment solutions. The areas under consideration include:
- exploring the potential issuance of a stablecoin in Kazakhstan;
- building infrastructure for settlements using digital assets;
- improving tax and judicial approaches;
- developing new financial products and services.
Kazakhstan’s Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development Zhaslan Madiyev said the country was moving from establishing a regulatory framework for the digital asset market to building infrastructure and implementing relevant solutions. Authorities expect to use innovation to attract investment, support economic development, and launch digital services.
Binance signed the second memorandum with the National Bank of Kazakhstan. The initiative will focus on developing digital payment infrastructure, with the goal of turning the country into a regional hub for FinTech services. Among other areas, the parties will consider localizing certain Binance regional operations, functions, and infrastructure in Kazakhstan, as well as developing cross-border financial services.
Binance and the National Bank of Kazakhstan already prepared a roadmap for implementing these initiatives. It provides for the phased development of payment infrastructure, completion of the required licensing procedures, and the launch of new payment products. National Bank Deputy Chairman Binur Zhalenov said the regulator intended to develop innovative solutions while maintaining the reliability of payment infrastructure and the stability of the financial system.
The third agreement was signed with the Astana International Financial Centre. It provides for expanded cooperation under the AIFC Investment Tax Residency Program and the exploration of opportunities to incorporate digital assets into Kazakhstan’s investment infrastructure.
AIFC Governor Renat Bekturov described the extension of the Investment Tax Residency Program to digital assets as a new stage in the development of the country’s investment infrastructure. He said the approach should provide investors with additional instruments in a regulated environment and support the further development of Kazakhstan’s digital asset market.
Binance Kazakhstan General Manager Nurkhat Kushimov said the company viewed Kazakhstan as one of the regional growth hubs for the digital finance industry. According to Binance, the 3 agreements establish a unified framework for launching new products, attracting international capital, and developing the country’s technology infrastructure.
Kazakhstan presented a comprehensive plan to legalize cryptocurrencies in April 2025. Since then, the country implemented several initiatives aimed at developing its domestic digital asset market. In particular, it established a state digital asset fund, launched a pilot project for a national stablecoin, and the National Bank approved the issuance of crypto cards. In January 2026, authorities also approved comprehensive industry regulations. In July of the same year, Kazakhstan’s president signed a decree introducing an additional package of measures to develop the digital financial services ecosystem, including support for the digital asset market, tax incentives, and payment infrastructure development.
