Timur Suleimenov explained that the liberalization of the financial market will lead to the fact that inexperienced investors will invest in digital assets not fully realizing how highly risk tools are.
“It seems that this is some kind of magic wand. It is worth investing there, and everything will be fine. This is facilitated by various scammers and pyramids. This is not like a deposit: he came to the bank and put the money for a year at a certain rate. Cryptocurrency is far from such an understandable and simple tool, ”said Suleimenov.
He believes that digital assets should be engaged in experienced investors who have clear investment strategies.
“A simple average investor should not consider this as a deposit. This is your right, your choice, but first learn the material part and then invest, ”the head of the regulator added.
In addition, Suleimenov noted that legislative amendments, which will allow Kazakhstan, the work of crypto exchangers are under consideration in parliament. The National Bank expects that the legislative framework will be ready by the beginning of 2026.
He emphasized that the regulator has already allowed banks to produce crypto cards tied to customer wallets in licensed exchanges of the Astana International Financial Center. Five banks have connected to the project – Halyk, Forte, Freedom, RBK and Altyn.
Earlier, President of Kazakhstan Kasim-Zhomart Tokaev announced plans to create a Cryptocity zone in the country, where digital assets will be used to purchase goods, payment of services and other purposes.
Source: Bits
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