Kazakhstan to launch cryptocurrency exchange with Japanese investors

Kazakhstan and Japanese companies signed documents to establish a number of investment projects on the territory of Kazakhstan totaling $46 million. Among them is a cryptocurrency exchange, according to the press service of Kazakhstan’s Ministry of Foreign Affairs.

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The cryptocurrency platform is planned to be launched on the basis of the Astana International Financial Centre (AIFC).

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Initially, $13 million will be allocated to develop the exchange.

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Japanese companies Smart Eco System, Number 1 Solution, S Objects and Nippon Investment Operating Company will also launch a project to implement blockchain technologies in industry, agriculture and other sectors.

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Earlier reached preliminary agreements to attract investments of 300 billion tenge (more than $700 million) into the cryptocurrency mining sector.

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In Kazakhstan, it is planned to open one of the world’s largest data centres.

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Earlier this year, local authorities enacted a series of amendments to legislation affecting blockchain, digital assets and mining.

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Ban on Bitcoin and legalization of mining: features of cryptocurrency regulation in Kazakhstan

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