Astana International Financial Center: Features of the Tax Regime and Legal Regulation of Cryptocurrency Turnover

Abstract

In its desire to encourage some individuals the State should not infringe the rights and legitimate interests of others. The investment policy of the State should not be discriminatory and should always, first of all, take into account the national (public) interests. However, the State is not always consistent, reasonable and fair in its investment policy in relation to the entire society. The state through public authorities and public officials is the spokesman of the public interests. In this case, the State must take these public interests into account when carrying out activities, in particular, when establishing preferential tax regimes, when attracting foreign investment by establishing a special investment tax residence for foreigners, when limiting the turnover of certain objects of legal relationship. In addition, the private interests of a certain circle of persons should not replace the public interests. The policy pursued by any State (tax, legal, social, economic) should be aimed at improving the standard of living of the entire society within a State. But not at the expense of the established constitutional and sectoral principles and values, as well as the rules of the international cooperation established in international agreements. The article discusses the problems of establishing a special preferential tax regimes on a territorial basis within a unitary State and the problems of legal regulation of cryptocurrency turnover in the territory of the Republic of Kazakhstan.