Kazakhstan

Dubai, United Arab Emirates, September 27th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce that it has been granted a full license by the Astana Financial Service Authority (AFSA). This significant milestone enables Bybit to operate as a fully authorized market institution in Kazakhstan, marking another step in the company’s global expansion. Under full authorization from AFSA, Bybit Kazakhstan will offer a comprehensive range of services, including operating a digital asset trading facility,…

The post Binance to Become the First Legal Crypto Exchange in Kazakhstan appeared first on Coinpedia Fintech News Binance is just one step away from becoming the first fully regulated crypto exchange in kazakhstan. It has achieved a major milestone by securing formal consent from the Astana Financial Services Authority (AFSA). This is a major development for the company and reflects its unwavering commitment to regulatory compliance and security in the crypto industry. The Journey of Collaboration and Education Binance…

Hong Kong, China, June 18th, 2024, Chainwire AnchorX, a Hong-Kong-Based fintech company and stablecoin expert, is proud to announce the signing of two Memorandums of Understanding (MOUs) in Kazakhstan. This comes during its recent participation in the Mainland-Hong Kong Joint Business Mission from May 16-25, 2024 visiting Hungary, Kazakhstan, and Xinjiang to explore partnership opportunities along the Belt and Road (B&R) routes.  AnchorX was invited to join the mission to leverage its expertise in stablecoin solutions, thereby advancing technological innovation and…

The Kazakh government has plans for the trial of a pilot project relating to exchange platforms in the Astana International Financial Center (AIFC).  As a result, crypto exchanges in Kazakhstan could operate under more legal protection if the test pilot is successful. Working alongside local banks and governmental bodies these platforms will be able to offer their services beneath the AIFC. Former Kazakh President Nursultan Nazarbayev proposed the creation of the center in 2015. The idea behind this was to…

As Kazakhstan is in turmoil, crypto mining has come to a standstill. Yet, Kazakhstan's crypto miners are not planning to leave the country just yet. BIT Mining, a large mining company in Kazakhstan, is still evaluating the situation in the country. However, they don't believe they will have to evacuate just yet. It is unlikely that our mining machines will be evacuated to North America Mining came to a standstill in the country after authorities shut down the internet amid…

The political world appears increasingly divided on the issue of cryptocurrencies. In 2021 we observed regulatory choices that sometimes oppose each other. For instance, some advocate for a total ban of cryptocurrencies. However, others look to adopt Bitcoin or CBDCs as a legal digital tender. And, last year, we saw them all. Recently, Kazakhstan has joined the group of countries studying this type of solution in 2021. After months of analysis, the government has postponed a definitive choice on the…

A recent report by TokenInsight noted that China is losing its dominance over the Bitcoin mining industry. The report released by the cryptocurrency analytics company cited data from Cambridge University’s Centre for Alternative Finance. According to the data, the aggregate electricity usage of Bitcoin miners from China was 75.63 percent in September last year and it declined to 65.08 percent by April 2020. During the same period, the data revealed that electricity consumption from Bitcoin miners in the United States rose from 4.06 percent to 7.24 percent. Similarly, it seems Bitcoin mining…