Kazakhstan Considers Opening Crypto Banks
ASTANA – Kazakhstan is considering the establishment of crypto banks, which can play a key role in the formation of a sustainable ecosystem, Prime Minister Olzhas Bektenov stated in response to a formal inquiry from members of the Mazhilis, a lower house of Parliament, on April 25.
Photo credit: Kazakhstan Today
According to the Mazhilis, Bektenov said the basic functions provided by crypto banks such as digital asset exchange, storage, and transaction support will be covered within the emerging ecosystem.
These functions are expected to be delivered through infrastructure entities, including providers of cryptocurrency exchange transactions, digital asset platform operators, custodians, brokers, and dealers, many of which…
