Kazakhstan Unveils CryptoCity Pilot Zone to Test Real-World Crypto Payments
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Kazakhstan Unveils CryptoCity Pilot Zone to Test Real-World Crypto Payments Kazakhstan launches CryptoCity pilot zone for real-world cryptocurrency payments. CryptoCity aims to attract global developers and boost digital economy. Government supports blockchain innovation with AI and supercomputing technology. Kazakhstan has taken a bold step into the future of finance by announcing the launch of “CryptoCity,” a special pilot zone where cryptocurrencies can be used for real-world transactions. The President made this announcement at the Astana International Forum 2025. Kazakhstan Eyes Eurasian IT Leadership with CryptoCity Project The official statement from May 29 revealed that the pilot zone will exist in Alatau and be used as a sandbox for studying digital currency in everyday activities. Individuals and firms engage in these forms of transactions when buying or selling goods, services and even real estate. This decision aligns with Kazakhstan’s broader plans to advance in innovation and digital development. The president explained that CryptoCity enables the government to explore how digital assets might be regulated. He pointed out that experimentation should lead to real-world uses of cryptocurrencies in regular commerce. This demonstrates that the country is becoming more open to digital financial services. In addition, it is working on making its ecosystem welcoming for blockchain. According to Tokayev, the government believes it can become a key IT center in Eurasia in the future. Because of this ambition, the country is working towards a leading digital landscape that supports new crypto and fintech companies. Along with CryptoCity, the nation is advancing in fields such as artificial intelligence and supercomputing. The president said Kazakhstan is now using a supercomputer that will assist in both AI research and crypto mining for DeFi. It highlights the country’s strong commitment to lead in modern digital worlds. With the help of a supercomputer, businesses can perform demanding crypto…
Filed under: News - @ May 31, 2025 12:27 am