Payward, the parent company of the cryptocurrency exchange Kraken, has taken a significant step towards expanding its operations in Central Asia. The company has secured in-principle approval from the Astana Financial Services Authority to establish a digital asset trading business in Kazakhstan, and the source reports that this move marks a pivotal moment for the region's cryptocurrency landscape.
Approval for Payward
This approval enables Payward to engage in various activities related to digital assets, including trading, dealing, and custody services, within the Astana International Financial Centre.
Details on Launch and Services
While this marks a positive development in the company's licensing journey, specific details regarding the launch date and the range of services to be offered have yet to be disclosed. Prospective customers and investors will need to remain patient as Payward prepares to provide further information on its upcoming offerings.
Recently, Payward announced its intention to acquire Saldo Bank, enhancing its European banking presence. This strategic move contrasts with its recent approval for digital asset trading in Kazakhstan. For more details, see further information.
