Kazakstan made some interesting policy changes when it comes to the field of BitCoin, blockchain and other cryptocurrencies. The country is joining the list of countries trying to attract knowledge. The policy changes affect the treatment of blockchain and cryptocurrencies.
From the fiscal perspective, the best method to stimulate towards a certain direction, this is the most important method. The interesting part is that Kazakstan is one of the few countries in the world that have a fiscal policy when it comes to cryptocurrencies.
The blockchain technology and the minning of cryptos are now being considered as a research activity. With the much appreciated fiscal benefits.
Next to this are you not going to be taxed on your cryptocurrency assets. Well, you are taxed when you exchange them for fiat and worthless currencies.
The bill is a clear push for cryptocurrencies like bitCoin. The move will just be a new method to attract knowledge and investment to Kazakstan.