In a significant development for the cryptocurrency landscape in Kazakhstan, Payward, the parent company of Kraken, has secured in-principle approval from the Astana Financial Services Authority. The document provides a justification for the fact that this marks a pivotal step towards establishing a digital asset trading facility in the Astana International Financial Centre.
Approval for Digital Asset Platform
The approval is aimed at creating a platform that connects Kazakh customers with global order books, enhancing the accessibility of digital assets in the region. However, it is crucial to understand that this in-principle approval is merely a preliminary step in the licensing process and does not grant immediate authorization to serve customers.
Next Steps for Payward
Moving forward, Payward will need to complete the final licensing process, which includes a public service launch announcement. Additionally, details regarding the eligible clients and products that will be offered through the trading facility are yet to be disclosed, leaving stakeholders eager for further updates.
Payward recently gained in-principle approval for its digital asset operations in Kazakhstan, marking a significant milestone for the region's cryptocurrency sector. For more details, see further information.
