Kazakhstan’s Agency for Regulation and Development of the Financial Market is proposing new restrictions on payment to the unregistered cryptocurrency exchanges. Exchanges not registered with the Astana International Financial Centre (AIFC) must have their transactions denied automatically by banks. The proposal includes new controls on some financial transactions, which are open for public consultation until…
Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part of broader efforts by CIS countries to reduce reliance on foreign economic systems, particularly imports, and to build resilient financial…
Binance Kazakhstan has secured a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority. This approval allows the crypto exchange to operate as a trading platform, broker-dealer, and digital asset custodian. Kazakhstan becomes the first Central Asian country where Binance has regulatory approval, positioning it as a key fintech hub. Binance…
Crypto exchange Bybit has secured a major license in Kazakhstan, marking its expansion in the Commonwealth of Independent States (CIS) region. With its new regulatory approval, Bybit plans to offer a broad range of services including digital asset trading and crypto loans, while emphasizing Kazakhstan’s growing influence in the global crypto ecosystem. Bybit Secures Key…
September 8, 2024 at 04:28 PM GST updated: September 8, 2024 at 11:55 AM 2 mins read News Bybit and Binance gained full approval in Kazakhstan, enhancing their global reach as regulated Digital Asset Trading Facilities. Kazakhstan’s strict regulations boost its role as a crypto powerhouse, with Bybit and Binance leading the way in digital…
Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The approval followed rigorous evaluations, including financial audits and ISO certifications. Once licensed, Binance will manage virtual assets, offer custody services, and conduct…
Binance, the world’s largest cryptocurrency exchange, has received consent to operate in Kazakhstan. According to the blog post on the website, Binance Kazakhstan is on its way to becoming the region’s first fully licensed crypto exchange. The Astana Financial Services Authority (AFSA) recently recognized the firm. Binance’s Kazakhstan Breakthrough Binance Kazakhstan passed through several external…
Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized…