On Approval of the Rules for the Issuance, Circulation and Redemption of Digital Tenge

NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN		DECISION OF THE BOARD
April 29, 2026 Astana city		No. 42 Astana city

On Approval of the Rules for the Issuance, Circulation and Redemption of Digital Tenge

In accordance with part four of paragraph 1, part two of paragraph 4 of Article 41-1, paragraph 1 of Article 41-2, part two of paragraph 4 of Article 41-3, part two of Article 41-4 and paragraph 5 of Article 46 of the Law of the Republic of Kazakhstan "On Payments and Payment Systems", the Board of the National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the attached Rules for the Issuance, Circulation and Redemption of Digital Tenge.

2. The Department of Payment Systems and Digital Financial Technologies of the National Bank of the Republic of Kazakhstan shall, in the manner established by the legislation of the Republic of Kazakhstan, ensure:

1) jointly with the Legal Department of the National Bank of the Republic of Kazakhstan, the state registration of this decision in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this decision on the official Internet resource of the National Bank of the Republic of Kazakhstan after its official publication;

3) within ten working days after the state registration of this decision, submission to the Legal Department of the National Bank of the Republic of Kazakhstan of information on the implementation of measures provided for in sub-paragraph 2) of this paragraph.

3. Supervision of the implementation of this decision shall be entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan in charge.

4. This decision enters into force on July 19, 2026 and is subject to official publication.

Chairman	T.M. Suleimenov

Approved by the decision of the Board of the National Bank of the Republic of Kazakhstan dated April 29, 2026 No. 42

Rules for the Issuance, Circulation and Redemption of Digital Tenge

Chapter 1. General Provisions

1. These Rules for the Issuance, Circulation and Redemption of Digital Tenge (hereinafter - the Rules) are developed in accordance with part four of paragraph 1, part two of paragraph 4 of Article 41-1, paragraph 1 of Article 41-2, part two of paragraph 4 of Article 41-3, part two of Article 41-4 and paragraph 5 of Article 46 of the Law of the Republic of Kazakhstan "On Payments and Payment Systems" (hereinafter - the Law on Payments and Payment Systems) and define:

1) the procedure and conditions for the National Bank of the Republic of Kazakhstan (hereinafter - the National Bank) to issue and redeem digital tenge;

2) the procedure for opening and closing a digital account;

3) requirements for the digital tenge platform, participants of the digital tenge platform and owners of digital accounts;

4) conditions for termination of activities by a participant of the digital tenge platform to service digital accounts;

5) the procedure for providing access to a digital account, suspension, resumption and termination of access to a digital account;

6) conditions and procedures for the use of external electronic media as a means of accounting, storage of digital tenge and disposal thereof;

7) types of transactions with digital tenge and the procedure for their execution;

8) the procedure and conditions for marking digital tenge and the use of digital tenge smart contracts when using digital tenge;

9) features of the use and functioning of marked digital tenge and digital tenge smart contracts;

10) the procedure for risk management and continuity of functioning of the National Bank's digital tenge platform;

11) requirements for information security of the digital tenge platform and participants of the digital tenge platform;

12) the application form for opening a digital account, requirements for the content of the digital account agreement and the format of the individual identification code assigned to the owner of a digital account at the time of its opening;

13) types and maximum sizes of commission fees for participants of the digital tenge platform for servicing operations of owners of digital accounts;

14) the procedure and conditions for replenishing and withdrawing digital tenge from a digital account through a participant of the digital tenge platform servicing the digital account;

15) the procedure and conditions for changing the participant of the digital tenge platform servicing the digital account and the standard form of the application.

2. The National Bank is the operator of the digital tenge platform (hereinafter - the Operator), carries out the issuance of digital tenge, organizes the circulation and redemption of digital tenge on the territory of the Republic of Kazakhstan, ensures the functioning of the digital tenge platform, performs other functions established by the Law on Payments and Payment Systems and agreements with participants of the digital tenge platform.

1. Joint Stock Company "National Payment Corporation of the National Bank of the Republic of Kazakhstan", being the National Center for Management of National Digital Financial Infrastructure (hereinafter - the National Center), carries out on behalf of the Operator operational and technological functions to ensure the functioning of the digital tenge platform on the basis of an agreement concluded with the Operator.
2. The Rules use the concepts provided for by the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan", the Law on Payments and Payment Systems, as well as the following concepts:
3. audit trail - a sequential registration of events for processing electronic messages on the digital tenge platform, information about which is stored on the digital tenge platform and by participants;
4. authentication - a set of measures to confirm the authenticity of participants of the digital tenge platform when exchanging payment and information messages, as well as the authenticity of payment and information messages;
5. cryptographic keys - a unique sequence of electronic digital symbols formed according to a cryptographic algorithm, intended for forming and verifying an electronic digital signature, confirming access to digital accounts and conducting transactions on the digital tenge platform;
6. operational risk - a risk associated with deficiencies in information systems or internal processes, human errors, failures or violations in the management of the digital tenge platform, including as a result of external events;
7. technical documentation - a set of regulatory documents of the National Center defining technological and organizational requirements, message exchange procedures and formats, authentication and interaction procedures of participants of the digital tenge platform;
8. electronic information message (hereinafter - information message) - an electronic message having an electronic digital signature, not relating to payment messages and having an informational nature, including statements;
9. electronic payment message (hereinafter - payment message) - an electronic message having an electronic digital signature, on the basis of which payments and/or transfers of digital tenge are carried out on the digital tenge platform.

Chapter 2. Procedure for Issuance, Circulation and Redemption

of Digital Tenge

1. The issuer of digital tenge is the National Bank. The issuance of digital tenge is carried out by the National Bank within the amount of money received from participants of the digital tenge platform (hereinafter - platform participant) in accordance with the participation agreements concluded with them on the digital tenge platform (hereinafter - participation agreement). The National Bank ensures that the total amount of digital tenge issued by it corresponds to the total amount of money received from platform participants.
2. Digital tenge is considered issued into circulation from the moment of crediting digital tenge to the digital account of a platform participant by the National Bank.
3. The circulation of digital tenge for the purpose of making payments and/or money transfers on the digital tenge platform is carried out in the national currency of the Republic of Kazakhstan.
4. Transactions with digital tenge are carried out on the digital tenge platform.
5. If a platform participant complies with the requirements of technical documentation, digital tenge may be stored on external electronic media allowing natural persons - users of the digital tenge platform (hereinafter - platform user) to dispose of digital tenge in accordance with the terms of the digital account agreement.
6. Redemption of digital tenge is carried out by the Operator based on a request formed by a platform participant by crediting an equivalent amount of money to the correspondent account of the platform participant opened at the National Bank.
7. A platform participant, upon termination of activities to service platform users' digital accounts, takes the following actions: thirty calendar days before the termination of activities, sends a notice to owners of digital accounts at the address available to it regarding the need to change the servicing platform participant in electronic form or by mail with a notice of receipt, if another procedure is not provided for by the digital account agreement;
8. informs the Operator about the termination of activities to service platform users' digital accounts within the timeframes and by the method provided for by the participation agreement;
9. five calendar days before the termination of activities, provides the Operator with information in any form containing information about the number of platform users, the amount of digital tenge forcibly debited and credited to the bank accounts of platform users, the number of platform users and the amount of digital tenge transferred to other platform participants.
10. A platform participant quarterly by the tenth day (inclusive) of the month following the reporting quarter, sends the Operator electronic information about the number of platform users and the total volume of digital tenge balances on platform users' digital accounts, including reflecting the volume of digital tenge balances held on external electronic media.

Chapter 3. Digital Account of a Platform User

Paragraph 1. Opening of a Digital Account

1. A digital account on the digital tenge platform is opened for the user by a platform participant. A platform participant opens no more than one digital account for one platform user.

Opening a digital account with a savings account mode is not allowed.

1. A digital account is opened upon conclusion of a digital account agreement between a platform participant and a platform user based on a platform user's application in the form established by Appendix 1 to the Rules (hereinafter - application), submitted on paper or in electronic form.
2. Acquisition of digital tenge by a platform user is carried out at the expense of cash or in non-cash order.
3. A digital account agreement concluded between a participant of the digital tenge platform and the owner of a digital account contains conditions provided for by paragraph 3 of Article 41-1 of the Law on Payments and Payment Systems, as well as:
4. the identification number of the platform user;
5. the individual identification code of the platform user;
6. conditions for marking and forming a digital tenge smart contract when providing such services by a participant of the digital tenge platform;
7. the procedure for changing a participant of the digital tenge platform, closing a digital account;
8. the procedure for issuing cryptographic keys to confirm transactions on the user's digital account.

Additional conditions necessary for servicing the platform user's digital account may be indicated in the digital account agreement.

1. A platform participant establishes a commission fee for servicing the owner of a digital account within the limits and for types of transactions established in accordance with Appendix 2 to the Rules.
2. To open a digital account, the applicant submits to the participant documents provided for by paragraph 26 of the Rules for Opening, Maintenance and Closing of Client Bank Accounts, approved by the Decision of the Board of the National Bank dated August 31, 2016 No. 207 "On Approval of the Rules for Opening, Maintenance and Closing of Client Bank Accounts" (registered in the Registry of State Registration of Normative Legal Acts No. 14422).
3. Documents submitted by the user for opening a digital account in accordance with the Rules are not submitted to the platform participant by the user again if they were previously submitted to the platform participant as part of customer due diligence (their representatives) and beneficial owners measures provided for by the Law of the Republic of Kazakhstan "On Counteracting Legalization (Money Laundering) of Proceeds Obtained by Criminal Means, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction" (hereinafter - the Law on AML/CFT/CPF).

Documents submitted by the user for opening a digital account are stored by the platform participant in a specially created file separately for each user or in a general file with documents divided by users in the original.

Exceptions are documents certifying identity, charters, extracts from the trade register or other documents of a similar nature (for separate divisions - regulations), documents confirming the fact of the user's activities based on a standard charter, documents on state registration (re-registration) of user legal entities, registration (re-registration) of user branches and representative offices of legal entities and powers of attorney to conduct transactions at the platform participant, which are stored in copies in the user's file (general file).

Storage in electronic form without additional storage on paper media of user documents, including those that are not originals, is allowed if the platform participant has the ability to form an electronic dossier.

1. When opening a digital account for a platform user, the platform participant assigns an individual identification code, which is the number of the platform user's digital account, in the format determined in Appendix 3 to the Rules.
2. When opening a digital account for a platform user, the platform participant issues cryptographic keys in accordance with technical documentation.

Storage and use of cryptographic keys is carried out by the platform participant in accordance with technical documentation.

1. Opening a digital account for a platform user is carried out by the platform participant after taking measures for customer due diligence (their representatives) and beneficial owners in accordance with Article 5 of the Law on AML/CFT/CPF, as well as taking into account the Requirements for Internal Control Rules to Counteract Legalization (Money Laundering) of Proceeds Obtained by Criminal Means and Financing of Terrorism for Level 2 Banks, Branches of Non-Resident Banks of the Republic of Kazakhstan and the National Postal Operator, approved by the Decision of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated March 22, 2020 No. 18 "On Approval of the Requirements for Internal Control Rules to Counteract Legalization (Money Laundering) of Proceeds Obtained by Criminal Means, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction for Level 2 Banks, Branches of Non-Resident Banks of the Republic of Kazakhstan and the National Postal Operator" (registered in the Registry of State Registration of Normative Legal Acts under No. 20160) (hereinafter - Requirements No. 18).
2. When opening a digital account, the applicant - a natural person submits an application indicating information about the non-execution of transactions on the digital account related to entrepreneurial activities, activities under a special tax regime for self-employed persons, notarial activities, advocacy activities, activities for the execution of enforcement documents, activities for dispute resolution in mediation order, if such conditions are not provided for by the digital account agreement.
3. The application contains information necessary for customer due diligence (their representatives) and beneficial owners in accordance with the Law on AML/CFT/CPF. The application in electronic form is submitted by the platform user using an electronic digital signature and dynamic identification.
4. In cases established by the laws of the Republic of Kazakhstan, as well as by agreement of the parties, a digital account agreement is concluded in electronic form using an electronic digital signature or dynamic identification with the use of security procedures provided for by the internal documents of the platform participant, as well as taking into account Requirements No. 18.
5. When opening a digital account for a platform user, the platform participant notifies the state revenue bodies in the manner, cases and timeframes determined by sub-paragraph 1) of paragraph 2 of Article 55 of the Tax Code.
6. Refusal to open a digital account is carried out by the platform participant in cases and on grounds provided for by sub-paragraph 19) of paragraph 2 of Article 55 of the Tax Code, paragraph 1 of Article 13 of the Law on AML/CFT/CPF, paragraph 2 of Article 27 of the Law on Payments and Payment Systems, in cases of failure to submit documents provided for by the Rules.
7. Changing the platform participant by a platform user of the digital tenge platform is allowed in the event of termination of the platform participant's activities to service platform users' digital accounts.

Within 10 (ten) working days after receiving notification from the platform participant about the termination of activities, the platform user submits an application to another platform participant in the standard form according to Appendix 4 to the Rules.

1. When changing the platform participant:
   1. the digital account agreement previously concluded for servicing the platform user's digital account is subject to termination. Simultaneously, a digital account agreement is concluded with the platform participant to whom the right to further service the platform user's digital account is transferred, with assignment of a new individual identification code to the platform user;
   2. transfer of cryptographic keys to the new participant is carried out in the manner provided for by technical documentation.

Paragraph 2. Maintenance of Digital Account and Circulation of Digital Tenge

1. The following types of transactions are performed on the platform user's digital account:
2. ensuring acceptance (crediting) of digital tenge to the digital account for the benefit of the platform user;
3. replenishment of the digital account in the manner provided for by the Rules and the digital account agreement;
4. execution of the platform user's instruction to transfer digital tenge to a digital account or debit from the digital account and simultaneous crediting to bank accounts of third parties in the manner provided for by the Rules and the digital account agreement;
5. execution of instructions of third parties to withdraw money from the digital account on grounds provided for by the laws of the Republic of Kazakhstan and/or the digital account agreement, taking into account the features of the functioning mode of digital tenge smart contracts determined by the Rules;
6. carrying out by the platform participant acceptance from the platform user and issuance to him of digital tenge in the manner and on conditions provided for by the Rules and the digital account agreement;
7. providing at the request of the platform user information about the amount of digital tenge of the platform user on the digital account and transactions performed on the digital account in the manner and timeframes provided for by the digital account agreement;
8. carrying out other servicing of the platform user provided for by the Rules and/or the digital account agreement.
9. Transactions with digital tenge on the digital account, including replenishment and withdrawal (extraction) of digital tenge held on the platform user's digital account, are carried out by the platform participant servicing his digital account.
10. Replenishment of the platform user's digital account is carried out by the following methods:
11. acquisition of digital tenge from the platform participant by depositing (transferring) an equivalent amount of cash to him and crediting digital tenge from the platform participant's digital account to the platform user's digital account;
12. acquisition of digital tenge from the platform participant by debiting an equivalent amount of non-cash money from the platform user's bank account and subsequent crediting of digital tenge from the platform participant's digital account to the platform user's digital account;
13. crediting of digital tenge received for the benefit of the platform user from other digital accounts.
14. Withdrawal of digital tenge from the digital account is carried out by the following methods:
15. issuance by the platform participant to the user of cash for an equivalent amount of digital tenge acquired from the platform user;
16. transfer of digital tenge to another digital account;
17. debiting of digital tenge by the platform participant from the platform user's digital account with subsequent crediting of an equivalent amount of non-cash money to the platform user's bank account.
18. From the moment of receipt of digital tenge on the digital account, the platform user acquires the right to dispose of digital tenge and carry out transactions with digital tenge, except for cases provided for by part two of this paragraph of the Rules.

Transactions on the platform user's digital account are suspended in cases:

1. expiration or revocation of the registration certificate of the platform participant submitted by the National Center;
2. suspension or deprivation of the platform participant's permits issued by the authorized state body in the sphere of the platform participant's activities;
3. suspension of outgoing transactions on the digital account based on decisions of authorized state bodies and officials, taking into account the features provided for by the Rules for digital tenge smart contracts;
4. taking by the platform participant measures to detect and prevent fraud and legalization (money laundering) of proceeds obtained by criminal means, financing of terrorism and financing of proliferation of weapons of mass destruction in accordance with the requirements of the Law on AML/CFT/CPF;
5. taking by the platform participant measures to detect and prevent payment transactions with signs of fraud within the framework of interaction of the platform participant with the National Bank's Data Exchange Center for Payment Transactions with Signs of Fraud (anti-fraud center);
6. violation by the platform user of the conditions and procedures for the use of digital tenge established by the digital account agreement;
7. when changing the platform participant servicing the digital account, in the manner and cases established by the Rules;
8. at the application of the platform user in case of suspicion of unauthorized access to the digital account.
9. Execution of the platform user's instructions to make payments using digital tenge is carried out within the amount of digital tenge held on the platform user's digital account.
10. The platform participant ensures execution of the platform user's instruction on the day of its initiation. Crediting of digital tenge to the digital account or non-cash money to the bank account for the benefit of the platform user-receiver of digital tenge is carried out by the platform participant within the operational day on the day of receipt of the instruction.

Exceptions are cases of crediting money based on digital tenge smart contracts, the timeframes and conditions for crediting of which are determined in the digital tenge smart contracts themselves.

1. The platform participant informs the platform user about transactions made on the digital account by sending a notification to the user in the manner established by the digital account agreement.
2. Upon detection of an erroneous transfer of digital tenge, loss, theft, or unauthorized use of the digital account, the platform user immediately notifies the platform participant about this in the manner established by the digital account agreement.

The provisions of Articles 56 and 57 of the Law on Payments and Payment Systems apply to the return of funds in cases of establishing the fact of unauthorized payment or execution of an erroneous instruction.

1. The platform participant provides information about platform users and the amount of digital tenge held in the platform user's digital account, as well as about transactions made using digital tenge, to persons, on grounds and within the limits provided for by Article 69 of the Law of the Republic of Kazakhstan "On Banks and Banking Activity in the Republic of Kazakhstan" (hereinafter – the Law on Banks and Banking Activity).
2. Execution of a collection order is carried out at the expense of funds held in the digital account, in the manner and timeframes established by the Law on Payments and Payment Systems and the Rules for carrying out non-cash payments and/or money transfers in the territory of the Republic of Kazakhstan, approved by the Resolution of the Board of the National Bank dated August 31, 2016 No. 208 "On Approval of the Rules for carrying out non-cash payments and/or money transfers in the territory of the Republic of Kazakhstan" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 14419) (hereinafter – Rules No. 208).
3. Collection of debt under a bank loan agreement by payment demand at the expense of funds held in the platform user's digital account is permitted in the manner and timeframes established by the Law on Payments and Payment Systems and Rules No. 208.
4. Suspension of spending operations on the digital account or seizure of funds held in the digital account is carried out in accordance with Article 740 of the Civil Code of the Republic of Kazakhstan, Article 125 of the Code of the Republic of Kazakhstan "On Customs Regulation in the Republic of Kazakhstan", Article 161 of the Criminal Procedure Code of the Republic of Kazakhstan, Article 156 of the Civil Procedure Code of the Republic of Kazakhstan, Article 86 of the Tax Code, Article 70 of the Law on Banks and Banking Activity, Article 13 of the Law on AML/CFT/CPF, Articles 32, 62, 123 of the Law of the Republic of Kazakhstan "On Enforcement Proceedings and the Status of Judicial Bailiffs", and paragraph 11 of Article 27 of the Law on Payments and Payment Systems, based on decisions and/or orders of authorized state bodies or officials on suspending spending operations on the platform user's digital account or acts on seizing funds held in the platform user's digital account.

Suspension of spending operations on the digital account and seizure of funds held in the digital account do not apply to digital tenge held on external electronic media.

1. Upon receipt of a decision and/or order from an authorized state body or official on suspending spending operations on the platform user's digital account, the platform participant carries out a check of the correspondence of the details of the platform participant and the platform user to the details indicated in the decision and/or order of the authorized state body or official on suspending spending operations on the platform user's digital account, after which it suspends spending operations on the platform user's digital account.
2. Execution of collection orders of authorized state bodies, payment demands of second-tier banks is carried out by forced deduction of digital tenge from the platform user's digital account by the platform participant with subsequent crediting of an equivalent amount of non-cash money to the bank account of the owner of the digital account, or to the digital account of the participant servicing the platform user's digital account, except for cases provided for by the Rules.
3. The platform participant returns within three operational days the decision and/or order of the authorized state body or official on suspending spending operations on the platform user's digital account to the corresponding authorized state body or official without execution on one of the following grounds:

1) in case of non-correspondence of the details of the platform participant and the platform user to the details indicated in the decision and/or order of the authorized state body or official on suspending spending operations on the platform user's digital account;

2) if the order of the state revenue body on suspending spending operations on the platform user's digital account is drawn up and submitted in a form not corresponding to the Order of the Minister of Finance of the Republic of Kazakhstan dated February 8, 2018 No. 145 "On Approval of Order Forms" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 16533).

1. Resumption of spending operations on the client's digital account and lifting of the seizure imposed on funds held in the platform user's digital account are carried out in the manner established by paragraph 12 of Article 27 of the Law on Payments and Payment Systems.
2. The platform participant carries out refusal or suspension of execution of the instruction and/or spending operations on the digital account, blocking of digital tenge amounts on the digital account upon detection of a payment transaction with signs of fraud in the manner provided for by Article 25-1 of the Law on Payments and Payment Systems.
3. The platform participant takes measures to detect, as well as prevent fraud and legalization (money laundering) of income obtained criminally, financing of terrorism and financing of proliferation of weapons of mass destruction, carries out refusal or suspension of execution of the instruction and/or spending operations on the digital account, blocking of digital tenge amounts on the digital account in accordance with the requirements of the Law on AML/CFT/CPF.
4. The platform participant provides information and data about transactions subject to financial monitoring to the authorized body for financial monitoring in accordance with the requirements of the Law on AML/CFT/CPF.
5. Issuance of an extract from the digital account is carried out in accordance with the digital account agreement. The platform participant is permitted to provide the service of transmitting (delivering) the extract from the digital account to the platform user in digital form or by hand, if this is provided for by the digital account agreement.

Paragraph 3. Closure of the Digital Account

1. Closure of the digital account is carried out:
2. based on the application of the platform user, if otherwise provided for by the digital account agreement and/or the Law on Payments and Payment Systems;
3. independently by the platform participant, in cases of termination of action or refusal to execute the digital account agreement in the manner provided for by Article 29 of the Law on Payments and Payment Systems.
4. Closure of the digital account is not permitted in the presence of:
5. unfulfilled demands on the digital account, including decisions and/or orders of authorized state bodies or officials on suspending spending operations on the platform user's digital account, as well as acts on seizing funds held in the platform user's digital account, except for cases of closure of the digital account in connection with:

liquidation or reorganization of the platform user-legal entity;

absence of digital tenge in the digital account for more than one year;

liquidation of the platform participant in which the platform user's digital account is opened;

reorganization of the platform participant in which the platform user's digital account is opened, in case of license revocation for opening and maintaining bank accounts of physical and legal entities;

voluntary reorganization of the platform participant in the form of conversion into an Islamic bank in the manner provided for by the Law on Banks and Banking Activity;

2) unfulfilled demands under a foreign exchange contract providing for export (import), submitted by the platform user to the platform participant, in accordance with the foreign exchange legislation of the Republic of Kazakhstan, except for cases of closure of the digital account in accordance with the Law on AML/CFT/CPF and/or international treaties ratified by the Republic of Kazakhstan;

3) in the presence of digital tenge in the digital account, for which the conditions and criteria for circulation and redemption apply in accordance with the smart contract of the digital tenge.

1. In the presence of a balance and closure of the platform user's digital account, the platform participant acquires digital tenge from the platform user and issues him cash money or credits non-cash money to his bank account in accordance with the digital account agreement.
2. Digital tenge are considered redeemed by the National Bank from the moment of crediting non-cash money to the account of the platform participant opened in the National Bank.
3. Upon closure of the platform user's digital account, the platform participant annuls the individual identification code assigned to the platform user's digital account.
4. The case file of the platform user indicates the grounds for closure of the platform user's digital account.
5. Upon closure of the platform user's digital account, the platform participant notifies the state revenue bodies in the manner, cases, and timeframes determined by subparagraph 1) of paragraph 2 of Article 55 of the Tax Code.

Paragraph 4. International Payments and/or Transfers

using digital tenge

1. Relations related to international payments and/or transfers carried out on the digital tenge platform by its participants with banks (financial institutions) - non-residents of the Republic of Kazakhstan, are regulated by a bilateral or multilateral agreement between the Operator and/or the National Center, on the one hand, and the central (national) bank and/or the operator of the national digital currency system of a foreign state, on the other hand, taking into account the requirements established by the legislation of the Republic of Kazakhstan.
2. International payments and/or transfers using digital tenge are carried out by interacting platforms of national digital currencies or by mutual admission of participants to the corresponding platforms of the national digital currency of the state in accordance with the agreement indicated in paragraph 58 of the Rules.
3. Features, formats, and procedures for conducting international payments and/or transfers, establishment of exchange rates, and resolution of disputes are determined in accordance with the agreement indicated in paragraph 58 of the Rules.

Chapter 4. Marking of Digital Tenge and Application

of Digital Tenge Smart Contracts

1. Marking and formation of the digital tenge smart contract is carried out by the owner of the digital account or a person authorized by the owner of the digital account, in accordance with the Rules, regulatory legal acts of authorized state bodies conducting state policy and carrying out regulation in a certain industry (sphere of activity), as well as the agreement concluded between the owner of the digital account and the recipient of digital tenge, or the digital account agreement.
2. Marking of digital tenge is carried out by assigning unique alphanumeric or graphic signs to the digital tenge, ensuring its further identification and monitoring of transactions carried out.

Use of marked digital tenge is permitted when forming the smart contract.

1. The digital tenge smart contract is executed in accordance with the rules, conditions, and criteria for circulation, use, and redemption of digital tenge established by the digital tenge smart contract.
2. In addition to the requirements provided for by paragraph 63 of the Rules, the digital tenge smart contract provides for the term of its execution and the possibility of returning digital tenge in case of non-fulfillment of conditions and/or expiration of the execution term of the smart contract.

The execution terms of the digital tenge smart contract formed for settlements between individuals do not exceed 10 (ten) working days from the moment of signing the digital tenge smart contract.

1. Execution of collection orders of authorized state bodies and payment demands of second-tier banks at the expense of digital tenge held in the digital account, the circulation and redemption of which are determined by the conditions of the corresponding digital tenge smart contract, as well as digital tenge held on external electronic media, is not permitted.
2. Suspension of spending operations on the digital account and seizure of funds held in the digital account do not apply to transactions with digital tenge, the circulation and redemption of which are determined by the conditions of the corresponding digital tenge smart contract, as well as to digital tenge held on external electronic media.

Chapter 5. Digital Tenge Platform, Order of Interaction of Platform Participants and Platform Users

Paragraph 1. Requirements for Platform Participants

1. To obtain the status of a participant and access to the digital tenge platform, the participant concludes:

1) a participation agreement on the digital tenge platform with the Operator (hereinafter – participation agreement);

2) an agreement on the provision of services on the digital tenge platform (hereinafter – service agreement) with the National Center.

1. The participation agreement is concluded upon compliance of the participant with the following requirements in aggregate:
   1. the legal entity is a resident of the Republic of Kazakhstan;
   2. the presence of a correspondent account opened in the National Bank in the national currency;
   3. the presence of valid permits from authorized state bodies;
   4. in the sphere of activity of the legal entity;
   5. provision by the legal entity of technical support for work on the digital tenge platform, available in round-the-clock mode;
   6. the legal entity is not in the process of rehabilitation, bankruptcy, or liquidation.
2. To conclude the service agreement, the legal entity presents to the National Center:

1) an application for connection to the digital tenge platform in free form;

2) a copy of the participation agreement.

The participation agreement contains conditions for the issuance and redemption of digital tenge, the procedure for carrying out payments and/or transfers of digital tenge.

The service agreement contains the procedure for payment of services of the National Center, compliance with the information security regime, confidentiality, preservation of banking secrecy, and protection of personal data when carrying out transactions on the digital tenge platform.

Access of the participant to the digital tenge platform after concluding the agreements indicated in paragraph 67 of the Rules is provided upon compliance with the technical documentation requirements of the National Center.

1. The Operator provides services on the digital tenge platform in accordance with the functions of the payment system operator established by Article 8 of the Law on Payments and Payment Systems.
2. The Operator also participates on the digital tenge platform as a participant in the conduct of its own payments and/or transfers of money and payments and/or transfers of money by instructions of users and obtains the status of a participant of the digital tenge platform based on an agreement concluded with the National Center.
3. The National Center provides the following services to platform participants:
4. on receiving and processing payment messages for carrying out payments and/or transfers of money in digital tenge;
5. on receiving, processing, and forwarding to platform participants information messages about transactions carried out;
6. on performing other operational and technological functions to ensure the functioning of the digital tenge platform, determined by the Law on Payments and Payment Systems and the Rules.

Paragraph 2. Order of Interaction of Participants and Users of the Digital Tenge Platform

1. Transmission and reception of payment and information messages on the digital tenge platform are carried out in digital form.
2. Users exchange payment and information messages on the digital tenge platform in accordance with exchange procedures and message formats developed by the National Center within the framework of technical documentation in agreement with the Operator.
3. Procedures for exchanging payment and information messages are brought to the participants of the digital tenge platform by the National Center within the timeframes established by the service agreement by publishing on the official Internet resource of the National Center.
4. Payments and/or transfers on the digital tenge platform are carried out provided that security procedures established by the Rules, technical documentation requirements, internal rules of the platform participant, and participation, service, and digital account agreements are observed.
5. The National Center carries out daily accounting of information about the total balances of digital tenge held in digital accounts for each platform participant and its users.
6. The National Center and platform participants ensure storage of information and carry out monitoring of sent and received electronic messages.

Storage of information formed when using digital tenge is ensured in the format in which it was formed, sent, or received, preserving its integrity and immutability for five years after the closure of the digital account. All payment and information messages processed by the National Center and platform participants leave an audit trail in the software systems of the National Center and platform participants.

1. The National Center ensures processing of payments and/or transfers of digital tenge to digital accounts of platform participants taking into account the balance of the amount of digital tenge in the platform participant's digital account.
2. Changes to payment messages are not permitted during their processing by the National Center.
3. When exchanging payment and information messages, the National Center and platform participants use means of authentication, cryptographic protection of information, and registration certificates presented to the platform participant by the National Center.
4. Opening and closing of the operational day on the digital tenge platform is carried out in accordance with the schedule of work of the digital tenge platform established by the Operator.
5. By request of the platform participant during the operational day and upon closing the operational day of the digital tenge platform, the National Center provides an information message in the form of an extract on the state of its digital account.
6. Completeness (finality) of payments and/or transfers of money is regulated by Article 7 of the Law on Payments and Payment Systems.
7. In case of violation by the participant of the requirements of the Rules, conditions of the participation agreement, service agreement in the system, information security measures established by the Rules and the National Center, including, upon detection of the user carrying out unauthorized payments and/or transfers of money, the National Bank applies one of the following measures to the participant:
8. suspension of the participant's participation in the system until the identified violations are eliminated;
9. termination of the participation agreement and service agreement on the digital tenge platform.

Paragraph 3. Suspension and Termination of Activities for Servicing Digital Accounts of the Platform Participant

1. The activity of the platform participant in servicing digital accounts on the digital tenge platform is suspended by the National Center based on a written notification of the Operator in case of entry into legal force of a court decision or order of an authorized body in the sphere of activity of the platform participant on suspension of permits issued to the participant, as well as in cases established by the legislation of the Republic of Kazakhstan, Rules, and participation and service agreements.
2. Suspension of the activity of the platform participant in servicing digital accounts on the digital tenge platform does not deprive it of the status of a platform participant and acts until the cases indicated in paragraph 86 of the Rules are eliminated.
3. The activity of the platform participant in servicing digital accounts on the digital tenge platform is terminated in the following cases:
4. entry into legal force of a court decision or order of an authorized body on revocation (annulment) of the permit issued by the authorized state body in the sphere of activity of the platform participant;
5. inclusion of the platform participant in the list of persons involved in terrorist activity, as well as the list of organizations and persons associated with financing the proliferation of weapons of mass destruction, and/or in the list of organizations and persons associated with financing of terrorism and extremism, as well as in cases established by the legislation of the Republic of Kazakhstan, Rules, and participation and service agreements.

The activity of the participant in servicing digital accounts on the digital tenge platform, on which digital tenge are stored, the circulation and redemption of which are determined by the conditions of the corresponding digital tenge smart contract, is terminated after the execution of the digital tenge smart contract or expiration of its term.

1. Upon suspension or termination by the platform participant of the activity in servicing digital accounts on the digital tenge platform, the Operator notifies the National Center and the platform participant in writing about the date and reasons for suspension or termination of activity.
2. The platform participant undertakes to immediately, but no later than 1 (one) working day, notify the Operator and the National Center in writing about the termination of activity in servicing digital accounts of platform users. In case of untimely notification or failure to notify the Operator and the National Center about the fact of termination of activity in servicing digital accounts on the digital tenge platform, the platform participant bears responsibility provided for by the participation agreement.
3. The platform participant bears responsibility to platform users in accordance with the conditions of the digital account agreement for damage caused to the platform user as a result of unauthorized access by third parties to his digital account through the software of the platform participant, as well as errors or failures in the operation of the software of the platform participant.
4. The National Center and the platform participant bear responsibility for the correctness of routing of electronic messages, protection of information on transactions with digital tenge, compliance with the requirements of the Rules and legislation of the Republic of Kazakhstan.

Chapter 6. Information Security Procedures on the Digital Tenge Platform

1. Security and information protection procedures applied on the digital tenge platform ensure continuous information protection at all stages of issuance, circulation and redemption of digital tenge, including:
   1. reliable establishment of the right of a participant or platform user to use digital tenge when performing operations;
   2. detection of distortions and/or changes in the content of electronic messages created when using digital tenge;
   3. ensuring protection against unauthorized access to information and ensuring the integrity of such information;
   4. ensuring evidence in the investigation of incidents related to the use of digital tenge.
2. The National Center:
   1. develops and approves the procedure for authentication of information and payment messages, controls its compliance and the consistency of procedures for protective actions against unauthorized payments;
   2. determines certified information security cryptographic tools and the procedure for using registration certificates and cryptographic keys.
3. The National Center and platform participants apply information security cryptographic tools to ensure confidentiality, integrity, authorship confirmation and authenticity of electronic messages.
4. Authentication of digital tenge platform participants is applied on the digital tenge platform, based on a two-way authentication crypto-protocol, allowing authentication of the platform participant and the National Center.

After the platform participant is authenticated, electronic messages are exchanged between the National Center and the platform participant. For the purpose of protection against unauthorized access by third parties, the National Center and platform participants ensure encryption of stored and transmitted electronic messages.

1. Software of the digital tenge platform participant ensures:
   1. reliable storage of information, protection against unauthorized access, integrity of databases and complete preservation of information in digital archives and databases during full or partial power outages at any time on any equipment;
   2. multi-level access to input data, functions, operations, reports implemented in the software, providing for at least two levels of access: administrator and user;
   3. control of the completeness of input data fields mandatory for filling in, necessary for conducting and registering operations with digital tenge;
   4. search for information by criteria and parameters with saving the request for five years, as well as sorting information by any parameters and the ability to view information for previous dates, if such information is subject to storage in the software;
   5. processing of information on operations with digital tenge and its storage by date and time;
   6. automated generation of reports submitted by platform participants to the Operator, as well as reports on operations with digital tenge performed;
   7. keeping and automated generation of intra-system journals for operations with digital tenge on digital accounts and balances of digital tenge on platform users' digital accounts, indicating their identification number and individual identification code of the platform user;
   8. the ability to backup and restore data stored in accounting systems;
   9. the ability to output output documents to the screen, printer or file;
   10. the ability to exchange electronic documents;
   11. registration and identification of operations with digital tenge processed in the software;
   12. recommended change of passwords for pre-installed accounts of security means of the perimeter of the information and communication infrastructure protection.
2. The digital tenge platform participant ensures the creation and functioning of an information security management system, approves internal documents regulating the information security management process, including the information security policy.
3. The digital tenge platform participant ensures the confidentiality and integrity of information on operations with digital tenge.
4. The digital tenge platform participant manages information security risks by specifying criteria for an acceptable level of risk with respect to information assets. When implementing information security risks, an action plan aimed at minimizing the occurrence of such risks is developed.
5. Information on information security incidents obtained during monitoring of activities to ensure information security is subject to consolidation, systematization and storage. The storage period for information on information security incidents is not less than 5 (five) years.
6. The digital tenge platform participant determines the procedure for taking urgent measures to eliminate an information security incident, its causes and consequences.
7. The digital tenge platform participant keeps a log of information security incidents reflecting all information about the information security incident, the measures taken and proposed corrective measures.

Chapter 7. Risk Management System on the Digital Tenge Platform

1. For the purpose of identifying, measuring and monitoring operational risks, the Operator exercises oversight over the digital tenge platform, including analysis and assessment of the system's functioning for compliance with international standards.
2. Organizational and technical measures are applied for information security risk management in accordance with legislative and regulatory requirements, requirements of applicable international and state standards, as well as technical documentation requirements.
3. The following methods are used to identify, measure, monitor and manage operational risk:
4. continuous monitoring and maintenance by the National Center of the uninterrupted operation of the software and technical complex of the digital tenge platform in accordance with the methods defined in the National Center's internal documents on operational risk management;
5. ensuring proper maintenance of the digital tenge platform equipment to ensure its full operability and constant readiness, planning for the acquisition and replacement of obsolete equipment;
6. ensuring the performance of necessary developments and improvements to improve and eliminate defects of the digital tenge platform;
7. testing and regular installation of updates of stable versions of application (general system) software of the digital tenge platform;
8. management of events and incidents, including timely detection, registration, response and analysis, as well as accounting of downtime in case of unavailability of the digital tenge platform;
9. keeping the digital tenge platform recovery plan up to date, taking into account possible scenarios of system shutdown, and testing this plan by the National Center;
10. ensuring the operability of the main and backup data centers;
11. switching the digital tenge platform from the main data center to the backup data center in the event of failures or downtime in the operation of the software and technical complex of the digital tenge platform that cannot be restored in the main data center.
12. Analysis of the used risk management methods is conducted by the Operator jointly with the National Center and platform participants not less than 1 (one) time within 2 (two) years. Based on the analysis results, a decision is made on retaining or changing risk management methods.

Appendix 1

to the Rules for the Issuance, Circulation

and Redemption of Digital Tenge

Application for Opening a Digital Account

1. Personal Data of the Applicant

Name of Legal Entity/IP ______

Surname: ______

First Name: ______

Patronymic (if any): ______

Date of Birth: ____ / ____ / _______

Citizenship: ______

Document certifying identity:

Document Type: ______

Series and Number: ______

Issued by: ______

Date of Issue: ____ / ____ / _______

TIN/BIN: ______

2. Contact Details

Registration Address: ______

Actual Residence Address (if different): ______

Mobile Phone: ______

Email: ______

3. Additional Services

☐ Internet Bank/Mobile Application

☐ Bank Card

☐ SMS Notifications

☐ Auto Payments

Other: ______

4. Consent to Processing of Personal Data

Hereby I give my consent to the processing of my personal data in accordance with the current legislation of the Republic of Kazakhstan.

Applicant's Signature: ______

Date of Completion: ____ / ____ / _______

Appendix 2

to the Rules for the Issuance, Circulation

and Redemption of Digital Tenge

Types and Maximum Sizes of Commission Fees for Digital Tenge Platform Participants for Servicing Operations of Digital Account Holders

No.	Type of Operation	Fee Amount
Tariffs for Servicing Operations of Individuals
1	Opening a Digital Account	Free
2	Client Acquisition of Digital Tenge	Free
3	Redemption of Digital Tenge to Bank Account	Free
4	Redemption of Digital Tenge by Cash Withdrawal	Set by the Participant independently within the Participant's tariffs for similar services for cash withdrawal using a bank account
5	Transfers using Digital Accounts between Clients of the Participant	Set by the Participant independently within the Participant's tariffs for similar services for transfers between their clients using a bank account
6	Transfers using Digital Accounts to Clients of Other Participants	Set by the Participant independently within the Participant's tariffs for similar services for transfers to clients of other participants in other payment systems using a bank account
7	Payments using Digital Accounts between Clients of the Participant	Free
8	Payments using Digital Accounts to Clients of Other Participants	Free
9	Marking and Formation of Digital Tenge Smart Contract	Set by the Participant independently
Tariffs for Servicing Operations of Legal Entities and Individual Entrepreneurs
1	Opening a Digital Account	Free
2	Client Acquisition of Digital Tenge	Free
3	Redemption of Digital Tenge to Bank Account	Free
4	Redemption of Digital Tenge by Cash Withdrawal	Set by the Participant independently within the tariffs set by the Participant for similar services for cash withdrawal using a bank account
5	Payments using Digital Accounts between Clients of the Participant	Set by the Participant independently within the Participant's tariffs for similar services for payments between their clients in other payment systems using a bank account
6	Payments using Digital Accounts to Clients of Other Participants	Set by the Participant independently within the Participant's tariffs for similar services for payments to clients of other participants in other payment systems using a bank account
7	Marking and Formation of Digital Tenge Smart Contract	Set by the Participant independently
Tariffs for Servicing Operations of Government Bodies
1	Opening a Digital Account	Free
2	Client Acquisition of Digital Tenge	Free
3	Redemption of Digital Tenge	Free
4	Transfers	Free
5	Payments	Free
6	Marking and Formation of Digital Tenge Smart Contract	Free

Appendix 3

to the Rules for the Issuance, Circulation

and Redemption of Digital Tenge

Unified Structure of the Digital Account Number

1. The unified structure of the digital account number has a fixed length of twenty digits KZCCBBBDTHXXXXXXXXXXXX, where:

1) the first and second digits are the code of the Republic of Kazakhstan. The international code KZ is used;

2) the third and fourth digits are the check digit, intended for control, ensuring the accuracy of the digital account number and its correct indication in payment and other documents;

3) the fifth, sixth and seventh digits are the participant code assigned by the National Bank of the Republic of Kazakhstan;

4) the eighth and ninth digits use the designation of the digital account DT;

5) digits from the tenth to the twentieth are the intra-system number of the digital account of the participant, or platform user, which is unique in the information (operational and other) system of one participant and ensures unambiguous identification of the platform user.

Digits of the intra-system number of the digital account are used at the discretion of the participant. Free signs are denoted by zeros and are located in unused digits to the left before the number. In the numbering of digital accounts, numeric or alphanumeric characters of the Latin alphabet are used, except for the letters "I", "Q", "O". In the presence of letter symbols in the intra-system number of the digital account, the calculation of the check digit is performed using the table for converting letter symbols to numbers provided in this appendix.

2. For the purpose of simplifying the visual perception of the digital account number, it is allowed to indicate in payment and other documents on paper the digital account number consisting of four-digit symbols separated by a space, in the following form:

KZCC BBBD THHH HHHH HHHH.

3. In payment and other documents prepared in electronic form, the digital account number is indicated as a continuous sequence of characters.

Table for Converting Letter Symbols to Numbers

A=10	G=16	N=23	V=31
B=11	H=17	P=25	W=32
C=12	J=19	R=27	X=33
D=13	K=20	S=28	Y=34
E=14	L=21	T=29	Z=35
F=15	M=22	U=30

4. When calculating the check digit, the international standard (Modulus 97-10, ISO-7064) is used, which involves dividing the number by 97, and the remainder from the division is subtracted from 98. If the result is a single-digit number, a leading zero is added.

Appendix 4

to the Rules for the Issuance, Circulation

and Redemption of Digital Tenge

Standard Form of Application for Changing a Digital Tenge Platform Participant

Applicant: ______

(name of legal entity / surname, first name, patronymic (if any) of an individual)

BIN/IIN: ______

In accordance with paragraph 28 of the Rules for the Issuance, Circulation and Redemption of Digital Tenge, I request to carry out the change of the participant servicing the digital account.

Information about the applicant's digital account:

Digital Account Number: ______

Information about the current (changing) servicing bank:

Name: ______

BIN: ______

BIC: ______

I confirm the accuracy of the information indicated in the application and express my consent to its use.

Date: "_" ______ 20 y.

Applicant's Signature / Authorized Person: ______

Full Name: ______

(if any - seal)