Government meeting led by President Tokayev set for upcoming week
Next year, on January 28, 2025, President Kassym-Jomart Tokayev will chair an expanded meeting of the Kazakh government at Akorda. The meeting will serve as a platform to discuss the outcomes of Kazakhstan's socio-economic development in 2024 and will formulate a roadmap for the government's future actions.
Reports on the socio-economic development of Kazakhstan in 2024 will be presented by both Prime Minister Olzhas Bektenov and National Bank Chairman Timur Suleimenov. These reports will cover key areas of development and may include specific tasks for the government moving forward.
In addition, regional governors will also present their reports, contributing to the comprehensive understanding of the nation's economic status.
One of the key topics that will be addressed during the meeting is the legal regulation and infrastructure development for digital assets. President Tokayev has emphasized the need for wider legal circulation of digital assets and has urged financial regulators to engage in developing an appropriate legal framework.
In response, the National Bank of Kazakhstan has started promoting legislative amendments to create a standardized environment for digital asset circulation. The aim is to ensure transaction transparency and protect citizens' interests. The National Bank also intends to introduce digital financial assets (DFA) and innovative financial instruments like tokenization, which will be detailed in the forthcoming banking law.
However, digital assets are not expected to be used as a means of payment in Kazakhstan.
The meeting will take place at an unspecified time during the day at Akorda. The reports presented during the meeting will aid in providing a roadmap for the Kazakh government's future actions based on the outcomes of 2024 and will contribute to the formulation of the key tasks for the government. The reports will be presented at Akorda.
The upcoming expanded government meeting, chaired by President Kassym-Jomart Tokayev, promises to delve into policy-and-legislation regarding digital assets, as one of the key topics to be addressed. With President Tokayev advocating for wider legal circulation of digital assets and the National Bank promoting legislative amendments, this meeting is expected to formulate a strategy in the politics sphere for the development and regulation of digital assets. The reports presented during the meeting, including the Prime Minister's and National Bank Chairman's reports, will contribute to the formulation of the government's policy-and-legislation on this matter, providing insights into the general-news landscape of Kazakhstan's digital asset sector.
