Daniyar Akishev, the chairman of the National Bank, said that they are “taking a very conservative approach toward the matter, and it welcomes nothing but extremely tough restrictions”, stating:
“We minimize the risks related to the national market. However, no central bank has all the instruments to control this market in the cross-border market. Therefore, at least, we must prevent this risk via the national currency.”
Akishev told Sputnik that the “majority” of Kazakhstan governmental organization endorse this strict attitude.
Last fall, Kazakhstan showed more support for the possibility of cryptocurrencies and crypto technologies, as government-supported Astana International Finance Center (AIFC) announced that they were working on creating their own cryptocurrency, the CryptoTenge. In November, Kazakhstan’s Blockchain and Cryptocurrency Association also applied with the government to be allowed to begin conducting official activities.