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Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse
31.1.2023
The Astana Financial Services Authority is seeking market feedback on new rules targeting operational resilience and separation of customer assets
Here's how Kazakhstan aims to enhance its legacy crypto trading framework
31.1.2023
The Astana Financial Services Authority, a Kazakh regulator, pointed out that the existing framework dates back to 2018 while proposing certain enhancements
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange
30.1.2023
Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a licensing regime for crypto miners and exchanges....
Several Crypto Exchange Websites Taken Down in Kazakhstan
26.1.2023
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...
Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees
7.1.2023
Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy....
Crypto OTC trading to get traction due to FTX fiasco, exec says
27.12.2022
The FTX crash could trigger a bigger demand for crypto OTC services as investors are looking for alternative crypto exchange methods amid weak trust in CEXs
Binance Launches Blockchain Education Program in Kazakhstan
22.12.2022
Cryptocurrency exchange Binance is behind an initiative to qualify university students in Kazakhstan to work in the industry. Under an agreement with the government, the blockchain course will be added to the curricula of higher education institutions across the country. Binance Exchange to Help...
Kazakhstan Tightens Regulation for Miners, Looks to Develop Broader Crypto Industry
20.12.2022
Kazakhstan, one of the world’s largest bitcoin mining hubs, is working on new legislation for the industry
Kazakhstan to Press On With CBDC Development Until 2025
19.12.2022
For the next two years, the country will work on launching into industrial operation, and will cooperate other other central banks for cross-border and currency-exchange operations
Binance to Help Azerbaijan With Crypto Regulations
18.12.2022
Cryptocurrency exchange Binance has offered to support Azerbaijan in efforts to establish regulations for digital assets. The leading coin trading platform has been active in the region this year, seeking to expand market presence and increase interaction with authorities. Binance to Assist...
Kazakhstan central bank recommends a phased CBDC rollout between 2023-25
18.12.2022
Kazakhstan’s central bank recommended making the in-house CBDC available as early as 2023 with a phased expansion of functionality and introduction into commercial operation until the end of 2025
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge
18.12.2022
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not identify significant risks for the country’s financial stability and economy. Monetary Authority...
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
8.12.2022
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate...
Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years
7.12.2022
Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at...
Uzbekistan Unblocks Popular Russian Crypto Exchange Aggregator
4.11.2022
The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator blocked a number of coin trading platforms, including Binance. Residents of Uzbekistan Can Again...
Central Bank Gold Buys This Year Reach an All-Time Quarterly High in Q3, 400 Tons Purchased Is the ‘Most on Record’
2.11.2022
According to the World Gold Council’s (WGC) latest quarterly report, worldwide gold demand, excluding over-the-counter (OTC) markets, was 28% higher year-over-year. While demand jumped higher than last year in the third quarter, central bank gold buying tapped an all-time quarterly record...
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
28.10.2022
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work...
Crypto News Summary: Binance Launches Oracle, UvToken and Team Finance Exploited, Blockchain.com Debuts Visa Card
27.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Binance Launches Oracle, UvToken and Team Finance Exploited, Blockchain.com Debuts Visa Card
Kazakhstan to Test National Digital Currency on BNB Chain, Binance CEO Zhao Says
27.10.2022
The country's central bank has been testing a central bank digital currency since 2021
Kazakhstan to build central bank digital currency on BNB Chain
27.10.2022
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain