Kazakhstan plans to launch a nationwide crypto -country and develop a segment of digital financial assets (Tsfa).
The National Bank of Kazakhstan announced the creation of a single center for the exchange of digital assets that will work throughout the country. This will allow legalizing operations with cryptocurrencies and leaving them from shadow turnover, said the chairman of the regulator Timur Suleimenov. His words are given by local media.
National Cryptian in Kazakhstan
Now many residents of Kazakhstan use foreign crypto platforms that are not controlled by the state. Against this background, the authorities decided to create a licensed national crypto exchanger in the country, which will work according to clear rules, protect users from scammers and will help monitor suspicious operations.
The new crypto -rope will replace all unregulated foreign sites in the cryptocurrency trade. It is integrated with the International Financial Center “Astana” (MFCA).
However, the official emphasized that the capabilities of the provider will be much wider than that of the platforms working within the IFC.
At the first stage, citizens will be allowed to buy cryptocurrency only within the framework of established limits to protect inexperienced investors. Nevertheless, the ban on the use of digital assets as a means of payment is preserved.
All the changes voiced by Suleimenov, the authorities of Kazakhstan plan to introduce to the new law on banks. Its acceptance will take place in August this year.
In addition, in Kazakhstan they are also going to develop the direction of the Tsf and tokenization. The authorities consider this as a safe alternative to cryptocurrencies.
However, first, according to the chairman of the National Bank, it is necessary to form a full -fledged infrastructure.
Earlier, the parliament of Kazakhstan was proposed to create a national cryptobank. It is assumed that such an body will regulate and control the turnover of cryptocurrencies in the country.
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Source: Cryptocurrency
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