Kassym-Jomart Tokayev raised issues related to cryptocurrency and artificial intelligence at an extended government meeting. Here are a couple of his key statements:
💰 Cryptocurrencies:
👉 Creating a regulatory framework: The President emphasized the need to develop a legal infrastructure for the development of the cryptocurrency market.
👉 Legalization of digital assets: It was noted that 95% of investors use the "gray zone" when dealing with cryptocurrencies. In this regard, it was proposed to urgently create an infrastructure for wider legal circulation of digital assets.
👉 The role of cryptocurrency in the economy: The President noted that cryptocurrency is an important element of the national economy in the context of digitalization and the active development of artificial intelligence.
👉 Licensed exchanges: There are 10 licensed exchanges in Kazakhstan, including Bybit and Binance, where you can trade cryptocurrency.
👉 Cybersecurity: The problem of cybersecurity has been identified: about 20,000 cases of fraud (SCAM) in the crypto industry are recorded in the country every year.
🤖 Artificial Intelligence:
👉 Digitalization of the economy: The President stressed the importance of continuing the digitalization of the economy and the widespread use of artificial intelligence technologies.
👉 Progress in fintech: It is noted that the share of non-cash payments in 2023 reached 88%, which indicates significant progress in the digitalization of financial services.
👉 Development of artificial intelligence: The President emphasized that the development of artificial intelligence can become a driving force for economic progress and innovation in the country. To do this, it is necessary to create a basic institutional environment, ensure access to data while guaranteeing its security and confidentiality, and develop high-performance computing capacities such as supercomputers.
👉 Educational programs: The need to implement advanced educational programs in the field of artificial intelligence and attract leading foreign specialists through a special Digital Nomad Residency program was noted.
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