LEGAL STATUS OF CRYPTO IN KAZAKHSTAN

Abstract

This article discusses the legal status of cryptocurrencies in Kazakhstan. 2009 was marked by the fact that a new currency called cryptocurrency was entering the market of electronic money. She quickly found her target audience. And began to gradually spread among local groups. Distinctive system of chain blocks, which makes it possible to avoid the total state control, with great success and is popular with freelancers in the digital economy.
In the Republic of Kazakhstan, the legislation does not establish norms regulating the turnover of cryptocurrencies, but this does not mean that they are prohibited. In the free use of digital money are part of the monetary transactions regulated by civil law. Therefore, having the face value of cryptomundo, you can easily acquire movable and immovable property, sign contracts, and more.
Today, more and more countries are beginning to recognize cryptocurrency as a digital currency, and establish regulators of its circulation on the territory of their country.
At the moment, due to the lack of provisions of the law on regulation of cryptocurrency in Kazakhstan, the legal status can be determined by the Civil Code of the Republic of Kazakhstan.