Kazakhstan will create a pilot zone CryptoCity for cryptocurrency transactions 🇰🇿

Kazakhstan's President Kassym-Jomart Tokayev announced plans to create a pilot zone CryptoCity in the country, where cryptocurrencies can be used "for purchasing goods, services, and for other purposes."

He made this statement during his speech at the plenary session of the Astana International Forum.

The project will be part of a broader digital transformation of the country. "We have made significant progress in digital transformation, reflecting our ambition to become a Eurasian IT hub."

The President emphasized that Kazakhstan intends to strengthen its position in key sectors, including digital technologies and artificial intelligence, while also paying special attention to innovative developments.

"Our goal is to become an academic and innovation hub, where a number of branches of foreign universities will operate and partnerships in research and development will be established."