Kazakhstan proposes the creation of a crypto bank
The lack of crypto regulation is enabling illegal exchanges and tax evasion, according to lawmaker Azat Peruashev.
A member of Kazakhstan’s lower house of parliament, Azat Peruashev, has proposed the creation of a ‘crypto bank‘ in the country. The aim is to provide a legal exchange and custody platform for digital assets.
Peruashev pointed out the absence of a proper legal infrastructure for cryptocurrency in Kazakhstan. It has led to the proliferation of illegal exchanges and the shadow economy. He suggested that a national crypto bank could prevent scams, protect citizens, and stop money from leaving the country illegally.
The lawmaker argued that, currently, 90% of cryptocurrency…
