💯 Kazakhstan🇰🇿: The crypto sector will be regulated directly by the National Bank

💯 Kazakhstan🇰🇿: The crypto sector will be regulated directly by the National Bank

The corresponding legislative amendments are already prepared.

▶️ The changes are structured into two main blocks:

1️⃣ The first focuses on the issuance of digital assets with a defined legal status.

2️⃣ The second establishes the regulation of unbacked cryptocurrency trading, through a licensing system for related service providers.

▶️ Additionally, the National Bank will launch a “regulatory sandbox for digital assets”, designed to allow market participants to test innovative services and technologies in a controlled environment.

▶️ On the other hand, Kazakhstan has already legalized crypto exchanges and has plans to create a state-owned crypto bank.

#news #CentralAsia #crypto

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