The National Bank of Kazakhstan warns: cryptocurrencies are not a safe asset for beginners
Date: 2025-06-06 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
The head of the National Bank of Kazakhstan Timur Suleimenov expressed concern that with the development of financial freedom, more and more citizens will begin to invest in cryptocurrencies without realizing their risky nature. According to him, many people treat digital assets as a universal solution for increasing capital, not realizing that this is far from a traditional bank deposit.
Suleimenov noted that the gullibility of investors is often used by fraudsters and organizers of financial pyramids, creating the illusion of easy profit. He emphasized that, unlike fixed-income deposits, cryptocurrencies are complex and unstable instruments that require deep understanding.
According to the head of the National Bank, only those who have significant experience in the financial sector and developed capital management strategies should engage in such investments. He emphasized: "If you are an ordinary person, you should not consider cryptocurrency as a reliable way to save. You have freedom of choice, but first you need to learn the basics before making an investment decision."
Suleimenov also commented on the current changes in legislation: the parliament is considering amendments that will legalize the work of cryptocurrency exchangers in Kazakhstan. It is expected that the relevant regulatory framework will come into force in early 2026.
At the same time, the National Bank has already allowed certain banks to issue crypto cards that can be linked to customer accounts on licensed crypto exchanges of the Astana International Financial Center. Five financial institutions are participating in the pilot project: Halyk, Forte, Freedom, RBK and Altyn.
Suleimenov paid special attention to the initiative of President Kassym-Jomart Tokayev to create a special zone in the country called CryptoCity. This zone is expected to use digital assets to pay for goods and services, which could be an important step in integrating cryptocurrencies into the country's everyday economy.
