Kazakhstan's President Tokayev has signed a new Banking and Banking Activities Law, along with accompanying amendments, to regulate digital financial assets (DFAs) as a new asset class. This legislation allows DFAs to circulate domestically, aiming to boost the fintech and crypto sectors. The law categorizes DFAs into three secured types: stablecoins backed by fiat currency, asset tokenization supported by financial instruments, assets, property rights, or commodities, and financial instruments issued electronically on digital platforms. Additionally, the law regulates unsecured digital assets like Bitcoin, permits the establishment of crypto exchanges licensed by the central bank, and mandates the central bank to create a list of tradable crypto assets while enhancing anti-money laundering measures and investor protection.