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Astana, Kazakhstan • 01 November, 2023 | 16:46
1 min read

Kazakh Citizens Can Now Voluntarily Restrict Loan Applications

This restriction prevents third parties from obtaining bank loans and microloans

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Freepik
Freepik

Kazakhstan's lower chamber of Parliament, the Majilis, has approved amendments regarding information security, offering Kazakh citizens the option to voluntarily restrict loan applications. The document is now under consideration in the Senate, QazMonitor reports.

During the plenary session, Deputy Yekaterina Smyshlyayeva explained that this measure introduces state oversight to safeguard personal data, with the Information Security Committee of the Ministry of Digital Development, Innovation, and Aerospace Industry supervising the process. Citizens are granted the right to decline bank loans and microloans, a restriction easily set within their personal eGov accounts.

The deputy clarified that this restriction prevents third parties from obtaining bank loans and microloans.

"All operations involving personal data will be communicated to citizens through messages to their personal eGov accounts or via SMS," clarified Yekaterina Smyshlyayeva.

Additionally, the deputies introduced amendments aimed at refining and enhancing the bill's provisions.

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