Kazakhstan starts consultation for suggestions to improve the crypto trade - regulation
Kazakhstan starts consultation for suggestions to improve the crypto trade - regulation
The tax authorities in Kazakhstan start a public consultation for designs for changes in the framework of the country for trading digital assets. The suggestions include measures to reduce the risks in the cryptom market and improve the structure of exchange platforms.
Kazakhstan's financial center wants to change its concept for trade in digital assets
The Astana Financial Services Authority, the Astana International Financial Center (AIFC), has published a consultation paper with detailed suggestions that aim to improve the regulated Kazakhstan for Cryptocurrencies.
The document suggests measures to reduce market risks in the state -controlled trade environment. The regulatory authority has also prepared solutions to improve the current structure of the cryptoplate forms that work from the financial center of the Central Asian nation.
inhabitants of the AIFC and other interested parties were invited to take part in the consultation, the crypto news agency forlog reported, referring to the . The administrative authority is accepting public feedback until February 25th.
The approved proposals are added to the amendments to the AIFC trade concept for digital assets, which are expected to be published this year. This includes mechanisms to prevent market abuse, to limit the settlement risks and to disclose information for investors.
The initiative comes according to the parliament in only-sultan A law for regulation of the cryptopia. of the country. In addition to other legal files, the law leads to "over digital assets in the Republic of Kazakhstan" rules for the fling and the circulation of cryptocurrencies.
The legislation also provides for the establishment of a licensing regime for crypto miner and exchanges in order to replace the existing registration system. Kazakhstan became a mining hotspot after China's hard approach to industry and tries to regulate the sector and the sale of embossed coins.
The influx of mining workers was held responsible for the growing energy deficit of the country, and the authorities were crack on non -authorized crypto farms. You also have A number of illegal crypto trading platforms, since only on the AIFCs such services offer such services may.
Do you think that Kazakhstan takes steps to expand his legal framework for digital assets to become a regional crypto hub? Tell us in the comment area below.
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