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The National Bank of Kazakhstan (NBK) launched a new local agency that will be in charge of the CBDC development in the country. According to an official press release, the new agency will be called the National Payment Corporation. The primary responsibility of the new agency will be to control the
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The National Bank of the Republic of Kazakhstan (NBK) establishes a separate entity to lead the development and implementation of the central bank digital currency (CBDC), digital tenge. As reported in the official statement on Sept. 15, the National Payment Corporation (NPC) would be organized on the basis of the former
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According to the General Manager of Binance Kazakhstan Zhaslan Madiyev, the platform has joint forces with five regulatory bodies in the country. As always, the popular crypto exchange Binance is expanding its horizon by launching a regulated platform in Kazakhstan. The company announced the new local digital asset platform in the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Major crypto exchange Binance continues to expand its services globally with the latest launch of a new digital asset platform in Kazakhstan. New crypto exchange for Kazakhstan users Binance announced the launch of the local crypto exchange in
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Global cryptocurrency exchange Binance announced the launch of a regulated digital asset platform in Kazakhstan amid growing regulatory troubles in the West. The launch of the new platform was announced at a press event on June 20, 2023, in the presence of representatives of Kazakhstan’s banking industry, and Binance Kazakhstan's
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Atomic Wallet users lost over $100 million worth of crypto in bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), BNB and polygon (MATIC) in the first weekend of June, blockchain intelligence firm Elliptic said in a blog post with updated estimate on Tuesday. According to the firm, over
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bybit, currently the second-largest cryptocurrency derivative exchange worldwide by volume, has been granted in-principle approval by the Astana Financial Services Authority (AFSA) of Kazakhstan to offer a range of crypto services. The in-principle approval sets forth
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Cryptocurrency exchange Bybit continues the expansion of its operations after receiving “in-principle” approval from regulators in Kazakhstan. On May 29, the exchange announced its pre-approval from Kazakhstan’s Astana Financial Services Authority (AFSA) to operate as a digital asset trading facility and as a custody services provider at the Astana International Financial
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The government of Kazakhstan has received 3.07 billion tenge (approximately $7 million) in tax payments from crypto mining entities in 2022, following the implementation of an amended law regulating the fiscal burden of mining cryptocurrencies, according to the local media reports.Preliminary data from the government for 2023 shows that mining fees
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The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New
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