Kazakhstan Plans New Restrictions On Bank Payments To Unregistered Crypto Exchanges
Kazakhstan’s Agency for Regulation and Development of the Financial Market is proposing new restrictions on payment to the unregistered cryptocurrency exchanges. Exchanges not registered with the Astana International Financial Centre (AIFC) must have their transactions denied automatically by banks.
The proposal includes new controls on some financial transactions, which are open for public consultation until October 30, 2024.
Amendments Target Cryptocurrency and Gambling Transactions
The draft resolution aims to amend existing regulations in Kazakhstan on financial organizations. Banks will now be prohibited from sending money to cryptocurrency or cryptocurrency-related exchanges that have not been registered with AIFC.
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