Kazakhstan plans to authorise local banks to open accounts for cryptocurrency transactions 27 July 2021

Several banks in Kazakhstan will soon be officially approved to service companies and businesses providing exposure to cryptocurrencies. According to a local news report, it is not yet clear which financial institutions or banks will participate in the pilot project. Cryptocurrency exchanges will be able to cooperate with banks by signing up for the project at Astana International Financial Centre, a major financial hub in Kazakhstan. The pilot project will reportedly run for one year and is aimed at enabling local crypto businesses to legally provide crypto investment services and allow investors to buy and sell cryptocurrencies safely.

Read more: https://cointelegraph.com/news/kazakhstan-to-reportedly-allow-banks-to-process-crypto-purchases

CH-019166 (Webpage Portal) 2021-07-27 (Published) 2021-08-26 (Updated)