Kazakhstan’s government has formalized a plan to build a national strategic crypto reserve by requiring licensed bitcoin miners to transfer 10% of their mined digital assets to a state-controlled fund, according to Government Resolution No. 638 approved on July 18, 2026.
The move follows a July 7 presidential decree signed by President Kassym-Jomart Tokayev that establishes a regulatory framework designed to pull Kazakhstan’s large mining sector into a state-supervised system. The National Bank of Kazakhstan’s investment arm, the National Investment Corporation, will manage the reserve.
Under the decree, miners must meet minimum operational standards: 150 megawatts of data center capacity and rigs performing at least 150 terahashes per second. The 10% transfer obligation applies after electricity and grid service costs are deducted. Miners will receive a 300-megawatt electricity quota from the Ekibastuz GRES-1 coal power plant, with the government directing additional capacity from associated petroleum gas, natural gas, and renewable sources.
The reserve builds on earlier state efforts. Kazakhstan’s central bank previously moved $350 million to invest in crypto-linked funds. The government had floated a $1 billion reserve built from seized assets and state-mined coins.
Kazakhstan ranks fifth globally by mining activity, according to the Cambridge Digital Mining Industry Report from April 2025. The country became a major mining hub after China’s 2021 ban, leveraging cheap coal power to attract operators.
Regulatory Infrastructure
The July 7 decree also established a Committee on Digital Assets and Payment Systems under the National Bank. The government plans to launch tokenization platforms, exchange and custody services, crypto-to-fiat conversion channels, and stablecoins for cross-border trade by end of 2026.
A National Cryptocurrency Analysis Center is scheduled to become operational by mid-2027 to track transactions and identify illicit schemes. The program includes rules isolating customer assets from bankrupt provider estates.
Tax Incentives
The framework offers a personal income tax exemption on crypto gains for individuals from the start of 2026 through the end of 2028, creating a three-year window for tax-advantaged crypto transactions.
