Kazakhstan is moving to tighten oversight of its crypto industry by introducing licensing for digital asset exchanges that convert cryptocurrencies to fiat. The country’s central bank will spearhead this effort as part of new national regulations to bring transparency and legal structure to crypto-related activities. Yerlan Ashykbekov, who heads the ...
Kazakhstan is positioning itself to become the leading cryptocurrency hub in Central Asia by easing regulatory restrictions and fostering blockchain innovation, according to Kanysh Tuleushin, the country’s first vice minister of digital development, innovation, and aerospace industry. In a recent op-ed, Tuleushin highlighted that lifting restrictions on digital asset trading ...
Kazakhstan plans to enhance its legal crypto operations as President Kassym-Jomart Tokayev calls for quick improvements to its digital asset infrastructure. In light of a more crypto-friendly approach in the U.S., Tokayev aims for rapid development to boost Kazakhstan's position in the crypto sector. During a government meeting, the President ...
Mastercard has launched its Crypto Credential solution in the EEMEA region, beginning with the UAE and Kazakhstan. This initiative aims to enhance the accessibility and security of cryptocurrency transfers, marking Mastercard's entry into this market. The Crypto Credential service allows users to send and receive digital assets using simple aliases ...
Kazakhstan's financial regulator, the Agency for Financial Monitoring of the Republic of Kazakhstan (AFM RK), has intensified its efforts to combat illegal cryptocurrency activities. In collaboration with the National Security Committee and the Ministry of Culture and Information, the agency has blocked more than 3,500 unregistered cryptocurrency exchanges. In a ...
Binance is one step closer to becoming Kazakhstan's first fully regulated crypto exchange. According to a September 6 announcement, Binance Kazakhstan, the exchange's local branch, has received "formal consent" for a full regulatory license from the Astana Financial Services Authority (AFSA), Kazakhstan's financial regulator. The crypto exchange noted that its ...
The National Bank of Kazakhstan (NBK) has unveiled plans to establish a dedicated agency to develop and implement the country's central bank digital currency (CBDC), the digital tenge. In an official statement released on September 15, the NBK announced that it would reorganize the existing Kazakhstan Center for Interbank Settlements ...
