First CryptoTenge, Now State Association: Kazakhstan will have Cryptocurrency

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Blockchain News

Kazakhstan has considered state licensing of a Blockchain and cryptocurrency lobby group for promoting the usage and the acceptance of the growing technology.

Astana Times reported through referring that, the Blockchain and Cryptocurrency Association has applied for recognition from the nation’s government as a legal entity to begin the official activities.

Kazakhstan has already taken various methods for investigating the usage of the Blockchain and the Bitcoin, which will be appearing to be adopted a more broadly tolerant attitude to have different with neighboring Russia.

In July, a “Blockchain pact” in conjunction with Russian Platform Waves saw the participants air the wish to become the “Blockchain Singapore.”….

Astana Times quotes Association Chair Yessin Butin by describing:

“Our main goal is to prescribe the rules of the game in the Blockchain market and cryptocurrency in Kazakhstan together with the regulator [the National Bank], There are no companies operating in the Blockchain market in Kazakhstan, but there are more companies that see the promise of technology for themselves.”

The competitions between the CIS countries are growing up to find a perfect way for the cryptocurrencies, along with the contrasting approaches emerging on an increasingly a frequent basis.

This week Belarus had also announced it will usefully legalize the Bitcoin exchanges and make the government-approved platform and make it available all over the world.

Butin included:

“People are looking for an alternative and find it in the form of cryptocurrency.”