LAW OF THE REPUBLIC OF KAZAKHSTAN

of February 6, 2023 No. 193-VII ZRK

About digital assets in the Republic of Kazakhstan

Chapter 1. General provisions

Article 1. The basic concepts used in this Law

In this Law the following basic concepts are used:

1) secure digital asset - the digital asset registered by means of digital platform on storage and exchange of secure digital assets, conforming to requirements imposed to secure digital asset;

2) digital platform on storage and exchange of secure digital assets - set of the information and communication technologies constructed on the basis of the distributed platform of the data realizing certain information exchanges and intended for the solution of the specific functional objectives giving opportunity of information exchange;

3) unsecured digital asset - the digital asset which is not conforming to requirements imposed to secure digital asset;

4) digital asset - the property created in electronic and digital form with assignment of digital code, including using means of cryptography and computer calculations, not being settlement monetary unit and (or) legal means of payment, registered and provided with information invariance on the basis of technology of the distributed platform of data;

4-1) turnover of digital asset - making of civil transactions with digital asset;

5) the exchanges of digital assets - the legal entities performing organizational and technical supply of the biddings, release, calculations and storage of digital assets;

6) authorized body in the field of digital assets (further - authorized body) - the central executive body performing management and cross-industry coordination in the field of digital assets;

6-1) release of digital asset - the action directed to emergence of digital asset as object of the civil laws;

7) digital mayner - the individual entrepreneur or the legal entity of the Republic of Kazakhstan performing activities for digital mining;

8) digital mining - the process of carrying out computing transactions with use of computer capacities according to the set enciphering algorithms providing confirmation of integrity of blocks of data by means of blokcheyn;

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