Kazakhstan offers 3-year tax amnesty for Bitcoin and crypto assets declared on domestic platforms

Kazakhstan just made its crypto holders an offer that’s hard to refuse. President Kassym-Jomart Tokayev signed a decree on July 7 establishing a voluntary disclosure program for digital assets, giving citizens a three-year personal income tax exemption on crypto transactions if they declare their holdings and move them to licensed domestic platforms by the end of 2026. The tax holiday covers 2026 through 2028 and applies to transactions completed through regulated Kazakhstani digital asset service providers. There’s one major catch: the assets must be free from any connection to illegal activities like fraud or money laundering. The gap Kazakhstan is trying to close As of March 2026, Kazakhstan had roughly one million crypto wallets in circulation. Only about 257,000 users were registered on authorized local exchanges. The disclosure deadline is December 31, 2026, giving holders about six months to declare their assets and transfer them to licensed platforms. The decree builds on a broader regulatory overhaul that took effect on May 1, 2026. Those rules expanded Kazakhstan’s legal frameworks to cover stablecoins, tokenized assets, and licensing requirements for digital asset servic...