Kazakhstan has experienced a significant outflow of cryptocurrency, estimated at $15 billion, largely attributed to inadequate regulations governing the industry. The central bank of Kazakhstan recently revealed this staggering figure, attributing it primarily to the lack of established legal frameworks for crypto investments and trading. While financial authorities prepare comprehensive rules that will regulate the market, crypto transactions have been growing in Kazakhstan since the country attracted mining companies after China banned the industry. However, miners are sending profits abroad, defying requirements to exchange 75% through registered platforms. This has fueled a gray market with most transactions conducted illegally. To address this situation, the National Bank of Kazakhstan (NBK) has introduced legislative amendments to allow for the regulation of crypto exchanges operating outside the Astana International Financial Center (AIFC), aiming for increased tax revenues.