Kazakhstan | ForkLog

ForkLog 8 30.05.2024

Binance Kazakhstan Partners with Kazpost

Binance Kazakhstan, a cryptocurrency exchange, and the national postal operator Kazpost have signed a memorandum of understanding, representatives of the platform informed ForkLog. The parties expressed mutual interest in implementing innovative financial services in the republic. The primary aim of the partnership is to “ensure the accessibility and ease of use of digital assets, relevant […]

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ForkLog 11 16.05.2024

Binance Kazakhstan Secures ISO Certifications for Information Security

The cryptocurrency exchange Binance Kazakhstan has obtained international ISO certifications in information security management and confidential information. This was reported to ForkLog by representatives of the platform. The certifications were issued by the British Standards Institution following an audit of Binance Kazakhstan’s security measures, policies, and processes. ISO 27001 ensures the confidentiality, integrity, and availability […]

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ForkLog 22 13.05.2024

Russians Account for a Quarter of Bybit’s Traffic in April

The cryptocurrency exchange Bybit continues to increase its Russian traffic, reaching 25% in April, according to journalist Colin Wu. Other platforms popular among Russians include Bitfinex with 10% of total traffic, Bitget and MEXC with 9% each, and OKX with 8%. Data: Wu Blockchain. HTX saw 7% of its visits last month coming from Kazakhstan. […]

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ForkLog 9 27.03.2024

Kazakhstan Shuts Down Bitcoin Exchange with $1.35 Million Revenue

In the city of Kostanay, authorities have halted the operations of an unlicensed cryptocurrency online exchange. This was reported by the AFM. According to the case materials, since 2020, two Kazakhstani citizens have been processing user requests through a cryptocurrency exchange website they created. During a search, law enforcement officers seized system units, laptops, and […]

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ForkLog 12 26.02.2024

Kazakhstan Confiscates 408,000 USDT from Pyramid Scheme Organizer

A court in Astana has tried the organizer of the local branch of the cryptocurrency pyramid scheme Eolus, as reported by the AFM. According to the case materials, in 2023, the accused registered LLP “ENERGY EOLUS QAZAQSTAN” with the aim of attracting investments in renewable energy sources, allegedly located in the United States. The agency […]

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ForkLog 26 23.01.2024

Kazakh Court Convicts P2P Traders as Accomplices in Phone Scam

On December 19, 2023, the Almaty District Court sentenced two organizers of P2P transactions to prison terms, deeming them participants in a fraudulent scheme, according to the legal agency Cartesius. The investigation into the defendants began a year and a half ago. According to the case materials, two individuals conducted P2P transactions for cash through […]

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ForkLog 23 17.01.2024

Kazakh Cryptocurrency Exchange Owners Sentenced to Prison with Asset Seizure

The Financial Monitoring Agency of Kazakhstan has concluded its investigation into two individuals involved in illegal cryptocurrency exchanges in Astana. The individuals charged a commission of 1.5% to 2.5% for their services, generating a turnover of 15 billion tenge ($33.1 million). Both defendants have been sentenced to prison terms of three and two and a […]

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ForkLog 7 25.12.2023

Investigation into illegal crypto exchange in Astana ends with turnover of about $745,000

The Kazakh Financial Monitoring Agency has completed the investigation into an illegal cryptocurrency exchange.

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ForkLog 22 22.12.2023

Kazakhstan lowers tariffs for Bitcoin miners

From 1 January 2024, amendments aimed at reducing the financial burden on cryptocurrency exchanges and mining enterprises will come into force.

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ForkLog 6 18.12.2023

Kazakhstan and UAE to jointly curb illicit use of cryptocurrencies

The UAE and Kazakhstan intend to cooperate in the fight against financial crime and in the seizure of illicit digital assets.

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ForkLog 7 14.12.2023

Binance Kazakhstan Opens Spot Trading for 30 New Tokens

The cryptocurrency exchange Binance Kazakhstan has received approval from the Astana Financial Services Authority (AFSA) to list 30 new tokens.

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ForkLog 14 07.12.2023

Kazakhstan tallies closures of illegal Bitcoin exchanges.

Since the start of 2023, Kazakhstan's Financial Monitoring Agency (AFM) has stopped the activities of 980 illegal cryptocurrency exchange platforms.

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