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Binance Receives Preliminary Authorization from AFSA in Kazakhstan
16.8.2022
The Astana Financial Services Authority (AFSA) has granted Binance In-Principle Authorization to run a Digital Asset Trading System and Supplier of Possession in the Astana International Financial Centre (AIFC). The Astana Financial Services Authority is now the first controller in Kazakhstan...
Binance obtains in-principle approval to operate in Kazakhstan
15.8.2022
The major crypto exchange has secured regulatory approval in 2022 to operate as a digital asset service provider in France, Bahrain, Spain and Dubai
Crypto Exchange Binance Receives In-Principle Approval to Operate in Kazakhstan
15.8.2022
Binance has obtained preliminary approval from the Astana Financial Services Authority to operate a digital asset trading facility and provide custody in Kazakhstan
Kazakhstan Investigates Crypto Mining Hotel Allegedly Operating as Ponzi Scheme
10.8.2022
Authorities in Kazakhstan have launched an investigation into a mining hotel business suspected of being a crypto pyramid as part of an ongoing crackdown on illegal activities linked to cryptocurrencies. The platform, called Bincloud, lured investors through popular messaging apps. Bincloud...
Police in Kazakhstan Arrest Gang Forcing IT Specialists to Run Crypto Farms
7.8.2022
Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their business. Kazakhstan Busts...
The US Gets Another Crypto Regulation Idea, USD 9M Returned to Nomad, Zipmex 'Stabilizes' + More News
3.8.2022
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: The US Gets Another Crypto Regulation Idea, USD 9M Returned to Nomad, Zipmex 'Stabilizes' + More News
Bitcoin Miner SAI.TECH Halts Kazakhstan Expansion, Citing Operation and Cost Uncertainties
3.8.2022
Nasdaq-listed Bitcoin miner SAI.TECH has terminated the remainder of its expansion into Kazakhstan in light of uncertainty in the region
What Kazakhstan’s new tax regime means for the crypto mining industry
2.8.2022
New amendments recently signed by the country’s president could bolster the energy grid refit while keeping overall prices relatively moderate
Kazakhstan to Increase Bitcoin Mining Tax Rates from 2023
14.7.2022
Kazakhstan’s President Kassym-Jomart Tokayev has approved new tax rates for crypto miners – and tax bodies have been instructed to charge miners at a rate of up to USD 0.052 per kilowatt hour (kWh) as of January 1, 2023.
Currently, miners have to pay a flat rate of just over USD 0.002 per...
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners
13.7.2022
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin....
Kazakh President Says Government Must Make ‘Favorable’ Conditions for Crypto Industry Development
28.6.2022
Kazakhstan’s President Kassym-Jomart Tokayev has told ministers to create “favorable conditions” for a new “digital” ecosystem that makes use of “cryptocurrencies and digital assets.”
Per Kaztag, which quoted the presidential press service, Tokayev was speaking at a financial sector summit held...
Kazakhstan Develops New Program to Team Up Crypto Exchanges with Banks
17.6.2022
As countries across the world intensify efforts to attract crypto industry players, the authorities of Kazakhstan have launched a pilot program to encourage selected local banks to partner with licensed crypto exchanges.
In a statement, the country’s government said that the exchanges that...
Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks
17.6.2022
Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country. Pilot Project to Develop...
Kazakhstan to let crypto exchanges open bank accounts
16.6.2022
Exchange platforms will get an opportunity to operate legally in Astana international finance center in 2022
Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments
16.6.2022
Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary authority also warned that crypto payments are illegal in the Kyrgyz Republic. National Bank of Kyrgyzstan Urges...
Kazakhstan Central Bank Exploring ‘Opportunities in Crypto, DeFi ‘Innovation’
8.6.2022
Kazakhstan’s central National Bank has stated that it is “interested in” the “opportunities for innovation” that cryptoassets and DeFi can “give” the government.
Per Tengrinews, the Governor of the National Bank Galymzhan Pirmatov told journalists at a press conference, that Kazakhstan wanted...
Kazakhstan’s central bank ‘isn’t going to ignore’ the crypto market
7.6.2022
According to the chairman, the central bank will decide on implementing its own digital currency by the end of 2022
Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1
1.6.2022
The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues...
Former CEO of Crypto Exchange Wex Dmitry Vasiliev Reportedly Detained in Croatia
1.6.2022
Dmitry Vasiliev, co-owner and former chief executive of the now defunct Russian crypto exchange Wex, has been arrested upon entering Croatia, local media reported. The crypto entrepreneur is wanted by Kazakhstan where he is accused of stealing money from an investor. Wex Executive Vasiliev...
German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News
30.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News