May 29, 2025
Where in Kazakhstan are they
planning to build CryptoCity? This question was answered by the Minister of
Digital Development, Innovation and Aerospace Industry Zhaslan Madiyev, Tengrinews.kz
correspondent reports.
As it turns out, CryptoCity
may appear inside a new city - Alatau.
- Yes, the President has
voiced such an idea. Now the government together with regulators will do some
work to select the most suitable location. Of course, the most suitable
location for CryptoCity is the new city of Alatau, it is a project of our
President. The idea is for crypto to act as a means of payment, so that you can
pay in restaurants, cafes, buy property, make investments with crypto. I think
it would be a very good new leap in the blockchain industry, the minister said
on the sidelines of the AIF forum in Astana.
In his opinion, the creation
of CryptoCity will attract new developers, programmers, IT-specialists to
Kazakhstan, which will give a new impetus to the country's economic growth.
- Now we have to work first on
regulations. The city itself is already developing. We need to create
regulatory conditions for it. CryptoCity assumes that there is free circulation
of cryptocurrency, legislation friendly to it, crypto acts as a means of payment.
These conditions should be prescribed in the legislation, Madiyev added.
Recall: speaking at the
opening of the plenary session of Astana International Forum (AIF) today,
President Kasym-Jomart Tokayev announced the creation of an innovative CryptoCity
zone in Kazakhstan.
Follow the link: https://tengrinews.kz/kazakhstan_news/gde-v-kazahstane-mojet-poyavitsya-cryptocity-otvet-ministra-571476/