Kazakhstan's latest revised version of the "Law on Banks and Banking Activities" has officially come into effect. This legislation formally incorporates Digital Financial Assets (DFA) into the regulatory framework, marking another step in this Central Asian country's exploration of crypto policies.

The key highlight of the new law is the clarification of the legal status of DFA. According to the bill, digital assets are divided into three main categories, with corresponding regulatory standards introduced. This means that crypto assets and related financial products are no longer in a legal gray area locally but have a clear regulatory basis.

From an industry perspective, this regulatory framework provides a foundational system for fintech companies and blockchain projects operating locally. Allowing DFA to circulate within the country signals official recognition of the ecosystem. For countries exploring crypto-friendly policies, such legal frameworks often attract more project developers and investors.

Overall, this represents a relatively pragmatic regulatory evolution, neither adopting a blanket ban nor laissez-faire approach, but balancing innovation and risk through classified regulation.