Kazakhstani authorities plan to improve their regulatory approach in order to strengthen the country’s position in the global crypto market.
Kazakhstan’s government 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
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