Kazakhstan could emerge as a prominent crypto hub in Central Asia by relaxing regulatory constraints, as stated by Kanysh Tuleushin, the country's first vice minister of digital development, innovation, and aerospace industry. Tuleushin emphasized in an op-ed for the Kazakhstanskaya Pravda newspaper that embracing digital mining and implementing strategic policy changes could position Kazakhstan as a frontrunner in blockchain technology. He highlighted the significant impact of lifting restrictions on digital asset trading nationwide, potentially adding substantial revenue to the national budget. Tuleushin also proposed transparent regulations, legal crypto ATMs, and taxation to foster the growth of the crypto sector. Additionally, he suggested leveraging crypto mining firms to enhance the nation's energy infrastructure and reduce emissions. Despite recent progress, Kazakhstan aims to further regulate crypto transactions and introduce a central bank digital currency, the digital tenge, by 2025. Other Central Asian countries like Uzbekistan and Kyrgyzstan are also adopting crypto-friendly approaches, signaling a positive trend in the region's digital asset industry. Read more AI-generated news on: https://app.chaingpt.org/news