National Bank to start regulating cryptocurrency in Kazakhstan
The National Bank has developed legislative amendments to regulate digital asset turnover in Kazakhstan, Kazinform News Agency reports citing Deputy Governor of the National Bank Berik Sholpankulov.
“In line with the President’s directive, the National Bank jointly with interested government agencies has developed a package of legislative amendments shaping a legal framework for digital asset turnover,” Sholpankulov said at a briefing.
The amendments include two blocks:
The first block is aimed at the launch of digital financial assets with the determination of legal status.
The second block is the introduction of regulation of the circulation of unsecured cryptocurrencies through licensing of crypto exchange service providers.
“The National Bank is also introducing the Digital Asset Regulatory Sandbox which will enable the market participants to test various innovative services and technologies,” Sholpankulov added.
Earlier it was reported that $TRUMP token holders invested record sums to secure meeting with US President. Blockchain analytics firm Nansen calculated that 220 individuals who earned the right to dine with President Donald Trump on Thursday in Washington collectively invested $394 million in his official cryptocurrency.
