Market Cap
24h Vol
5963
Cryptocurrencies
46.34%
Bitcoin Share

Kazakhstan’s government to create roadmap for developing crypto market

Kazakhstan’s government to create roadmap for developing crypto market


CoinTelegraph
2021-05-11 10:01:24

Kazakhstani authorities plan to improve their regulatory approach in order to strengthen the country’s position in the global crypto market. Kazakhstan’s government is forming a roadmap to stimulate the development of the cryptocurrency industry and blockchain technology in the country.State authorities have reviewed proposals to address the crypto industry’s development and reconsider the state’s approach to regulating crypto operations, according to a Tuesday announcement on the website of the prime minister of Kazakhstan.Officials have proposed to run crypto exchanges via a major national financial hub, the Astana International Financial Centre. The government also suggested establishing standards, by which crypto exchanges can interact with local banks and clients.The new initiative aims to provide transparency and organization for the local crypto industry. “To date, out of the whole variety of companies working in the crypto industry, [...] only mining companies are part of the market in Kazakhstan,” the announcement reads. The Republic of Kazakhstan is getting more serious about the crypto industry and digital assets. Last week, Kazakhstan’s central bank issued an official report on a possible central bank digital currency. The bank said that the digital tenge is not intended to replace either cash or cashless payments but would rather be an alternative option that would enable further development of the national payment system and reduce reliance on cash.


Coin Extrude Ecosystem
BITCOIN BLACK COINS
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.