Crypto License in Kazakhstan

Introduction: Kazakhstan’s Rise as a Global Crypto Hub

In recent years, Kazakhstan has rapidly positioned itself as a key player in the global cryptocurrency industry. Its proactive approach to blockchain regulation, tax incentives, and low-cost energy resources has attracted crypto startups, mining firms, and financial technology innovators. As of 2025, Kazakhstan offers a structured and transparent legal framework for obtaining a crypto license, making it an ideal jurisdiction for launching a regulated digital asset business.

Whether you’re planning to open a cryptocurrency exchange, wallet service, ICO platform, or DeFi protocol, securing a crypto license in Kazakhstan can give your project the regulatory legitimacy and investor confidence it needs.

Why a Crypto License in Kazakhstan Matters

Operating a crypto-related business without proper licensing is not only illegal in Kazakhstan, but it can also result in fines, reputational damage, and potential business closure. With the increasing global focus on anti-money laundering (AML) and counter-terrorist financing (CFT), jurisdictions like Kazakhstan that offer robust regulatory clarity are becoming highly sought-after destinations.

Having a cryptocurrency license issued under Kazakhstan’s Astana International Financial Centre (AIFC) gives your business the ability to legally operate, build banking relationships, onboard users with KYC, and scale internationally.

Legal Framework: Regulation of Crypto Assets in Kazakhstan

Kazakhstan’s primary digital asset regulatory ecosystem is centered around the Astana Financial Services Authority (AFSA), which operates under the AIFC. This unique legal zone functions independently from the rest of Kazakhstan’s national legislation and is modeled on English common law.

The AFSA oversees digital asset regulation, including licensing, supervision, and enforcement. Key legislation includes:

• AIFC Financial Services Framework Regulations

• AIFC Rules on Regulated Digital Asset Activities

• AML/CFT Guidelines applicable to digital asset providers

The AFSA works in collaboration with the National Bank of Kazakhstan, which sets monetary policies that indirectly affect crypto asset strategies. Kazakhstan’s alignment with FATF guidelines ensures global compliance standards.

Types of Crypto Licenses in Kazakhstan

There are several types of licenses available, depending on the scope of your crypto business:

• Crypto Exchange License – For platforms that facilitate buying, selling, and trading digital assets.

• Custodian Wallet License – For businesses that securely hold users’ private keys and assets.

• Token Issuance/ICO License – For companies issuing utility or security tokens to the public.

• DeFi Platform Registration – For decentralized applications offering peer-to-peer financial services.

• Virtual Asset Service Provider (VASP) License – Broadly applicable for multi-function crypto companies.

• Blockchain Technology Provider License – For service firms offering non-financial blockchain solutions.

Companies can apply for one or more licenses based on their operational model.

Key Regulatory Bodies

• Astana Financial Services Authority (AFSA) – Primary licensing and supervisory body for financial and digital asset services within the AIFC.

• Astana International Financial Centre (AIFC) – A special legal and economic zone offering English law jurisdiction.

• National Bank of Kazakhstan – Oversees macroeconomic stability and financial policy.

• Kazakhstan Ministry of Digital Development – Provides tech infrastructure and digital strategy initiatives.

Eligibility Requirements for Obtaining a Crypto License

To obtain a crypto license in Kazakhstan, your business must:

• Be incorporated within the AIFC as a legal entity

• Establish a physical office within the AIFC

• Hire key personnel, including a Compliance Officer and Money Laundering Reporting Officer (MLRO)

• Develop and implement AML/CFT policies

• Meet minimum capital requirements (varies by license type)

• Demonstrate secure and compliant IT systems

• Conduct a risk assessment and submit a clear business plan

Minimum Capital Examples:

• Crypto exchange: $100,000–$200,000

• Custodian wallet: $50,000

• ICO/token issuance: $25,000–$75,000

Your firm must also pass a “fit-and-proper” test for directors and shareholders, ensuring reputational and financial integrity.

Step-by-Step Process to Get a Crypto License in Kazakhstan

1. Pre-Application Consultation – Schedule an initial consultation with AFSA to present your project.

2. Business Incorporation – Register your company within the AIFC structure.

3. Document Preparation – Draft the required documentation, including your business plan, AML policies, risk assessment, and IT strategy.

4. Application Submission – Submit all forms, identification documents, and pay applicable fees.

5. Regulatory Review – AFSA evaluates your documentation and may request clarification.

6. Final Approval and Issuance – Once approved, your license is listed on the AFSA registry.

Timeframe: 3–6 months depending on complexity and document completeness.

Costs and Fees

When budgeting for your crypto license, consider the following:

• Government Fees:

  • Application fee: $2,000 – $5,000

  • Annual license fee: $10,000 – $30,000

• Professional Services:

  • Legal consultation: $10,000 – $50,000

  • AML/compliance setup: $5,000 – $20,000

  • IT/cybersecurity infrastructure: $15,000 – $40,000

• Office and Operational Costs:

  • AIFC office lease

  • Staff salaries

  • Insurance, audits, reporting systems

Total setup costs typically range from $75,000 to $150,000 depending on company size and license type.

Ongoing Compliance Obligations

Once licensed, companies must maintain full regulatory compliance. This includes:

• Submitting quarterly and annual financial reports

• Updating AFSA on material business changes

• Conducting annual AML audits

• Providing ongoing employee training on compliance and cybersecurity

• Maintaining effective customer onboarding, KYC/AML verification, and fraud monitoring tools

Failure to comply can result in penalties, suspension, or license revocation.

Benefits of a Crypto License in Kazakhstan

• Global Legitimacy: Kazakhstan’s licensing framework is recognized internationally and aligned with FATF standards.

• Zero Corporate Tax: Firms operating in the AIFC enjoy tax holidays until 2066.

• Stable Regulatory Environment: The AIFC operates independently of political or economic shifts in Kazakhstan.

• Investor Confidence: Being a licensed entity helps secure investment and banking relationships.

• Gateway to CIS and Asia: Kazakhstan’s location makes it an ideal launchpad for crypto services targeting Eurasia.

Challenges and Practical Solutions

• Bureaucratic Complexity: Work with a local legal firm experienced in AFSA licensing.

• Documentation in English: All filings must be in English—hire bilingual professionals.

• Capital and Infrastructure Needs: Seek investors or local partners to reduce the upfront burden.

Conclusion: Is Kazakhstan the Right Jurisdiction for Your Crypto Business?

Absolutely. With its modern infrastructure, regulatory clarity, and attractive tax regime, Kazakhstan is one of the most forward-looking jurisdictions in the crypto space. A license from the AIFC under AFSA oversight opens the door to secure, scalable, and globally compliant operations.

Call to Action: Ready to launch your crypto business in Kazakhstan? Consult a legal advisor specializing in AFSA regulations today and start the licensing process with confidence.