Republic of Kazakhstan: Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Crypto Assets

Republic of Kazakhstan: Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Crypto Assets

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Republic of Kazakhstan: Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Crypto Assets

An IMF Financial Sector Assessment Program (FSAP) technical note examining the regulation and supervision of crypto assets in Kazakhstan. The note finds limited short-term financial stability implications from crypto assets but warns this could change quickly. Kazakhstan was briefly the world's second-largest Bitcoin mining country (27.3% of global hashrate in 2021).

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