Kazakhstan to Launch National Cryptocurrency Analytics Center on SupTech Platform
Kazakhstan has announced plans to establish a National Cryptocurrency Analytics Center designed to monitor digital asset transactions across fiat payments, crypto transfers, wallets, and customer data. The initiative was disclosed by National Bank of Kazakhstan Chairman Timur Suleimenov during a government meeting on September 15, according to Qazinform News Agency.
Center Built on Central Bank’s SupTech Supervisory Platform
The new analytics center will be constructed on the National Bank’s existing SupTech supervisory platform. This system will analyze both fiat and cryptocurrency components of transactions, alongside client information, wallet details, and individual transfer data. Suleimenov stated that banks, law enforcement agencies, and licensed digital asset providers will gain access to verification tools offered through the center.
The National Bank has been developing its SupTech platform as a centralized system for supervising digital asset markets and payment organizations. According to an August update on the central bank’s 2025–2029 digitalization and data management strategy, the platform covers the full supervisory cycle—from maintaining registries and profiles of regulated entities to analyzing reports, conducting blockchain analytics, and automating supervisory actions. The National Bank aims to migrate the complete supervisory cycle to the system by the second half of 2026.
Integration with Anti-Fraud Center Enhances Monitoring
The National Cryptocurrency Analytics Center will be integrated with the National Bank’s Anti-Fraud Center, placing digital asset monitoring alongside an existing system used by financial institutions and government bodies to identify suspicious financial activity. Launched in August 2024, the Anti-Fraud Center operates with law enforcement agencies and financial market participants to detect and block fraudulent transactions in real time.
Participation has grown rapidly. By July 2025, more than 200 organizations—including banks, microfinance companies, telecom operators, and government agencies—had connected to the platform. As of January 1, 2026, the system had registered 80,871 incidents involving transactions with signs of fraud and roughly 19,810 incidents linked to drug trafficking, illegal gambling, and financial pyramid schemes. Authorities had blocked 2.8 billion tenge through the system, while more than 500 million tenge had been returned to fraud victims.
Recent development work has expanded links between the Anti-Fraud Center, the Prosecutor General’s Office, the Interior Ministry, and telecom operators. The National Bank is also developing artificial intelligence tools for behavioral analysis and early detection of suspicious customer activity, including a pilot project on session-based analysis to examine user behavior inside financial applications.
Regulated Crypto Services Expand Alongside Oversight
The monitoring project follows a series of measures bringing more cryptocurrency activity under regulated financial infrastructure. In November 2025, Bybit Kazakhstan launched the country’s first regulated peer-to-peer (P2P) platform under an Astana Financial Services Authority (AFSA) license. The platform requires users to complete identity checks, with fiat payments routed through corporate bank accounts of licensed financial institutions rather than personal accounts.
Kazakhstan has also experimented with stablecoins inside regulated financial services. In September 2025, AFSA began a pilot allowing eligible firms to pay regulatory fees using U.S. dollar-pegged stablecoins through approved agents. Simultaneously, the National Bank is pursuing state investment in digital assets. Kazakhstan plans to use cryptocurrencies confiscated in criminal cases as one source for a national crypto reserve. The National Investment Corporation, the central bank’s investment arm, earmarked $350 million from foreign currency and gold reserves for crypto-related investments, targeting exposure through hedge funds rather than direct purchases.
Mining and Payment Pilots Support State Reserve
Kazakhstan continues developing its reserve through the domestic mining industry. Under rules approved this year, licensed Bitcoin miners can receive additional electricity capacity when they contribute a portion of their mined cryptocurrency to the state reserve, linking energy access to participation in the government-backed program. The country remains one of the world’s largest Bitcoin mining jurisdictions, ranked fifth globally by the Cambridge Digital Mining Industry Report in April 2025.
Regulated cryptocurrency payments are also being tested. In July, Alatau City Bank partnered with Binance Kazakhstan to introduce Crypto Pay, enabling customers to make purchases using cryptocurrency via QR codes and point-of-sale terminals connected to the bank’s acquiring network.
Enforcement Continues Alongside Innovation
Kazakhstan’s enforcement policy continues in parallel with these programs. Authorities previously blocked more than 1,100 unauthorized cryptocurrency exchange platforms in 2025 and liquidated 36 illegal platforms with a combined turnover of 60 billion tenge in 2024, seizing 4.8 million USDT. Officials noted that platforms lacking proper anti-money laundering and Know Your Customer controls were being used for fraud, drug trafficking, and other illicit activities.
The National Bank’s Anti-Fraud Center continues expanding its capabilities, incorporating predictive analytics, session-based monitoring, and integration with government and telecom databases. The new National Cryptocurrency Analytics Center will extend transaction analysis specifically to fiat and cryptocurrency flows, client information, and digital asset wallets, providing a unified view for regulators and market participants.
