Search Results for: AIFC

Several Crypto Exchange Websites Taken Down in Kazakhstan

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Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After Unlicensed Crypto…

Binance Licensed in Kazakhstan as Provider of Crypto Exchange and Custody Services

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Authorities in Kazakhstan have granted Binance a license to operate as a digital asset platform and provide an array of relevant services. While working out of the nation’s financial hub in the capital Nur-Sultan, the crypto exchange will offer registration to…

Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange

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A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for the acquisition of cryptocurrency. Meanwhile, Kazakhstan’s leadership has declared readiness to further develop crypto…

Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring

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The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law…

Kazakhstan Imposes Purchase Limits on Retail Crypto Investors

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Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets. Investors in…