Kazakhstan is a growing interest in crypto-currencies

Kazakhstan intends to grant a licence of State to a lobby of the technology, Blockchain and crypto-currencies to promote the use and acceptance of the emerging technology.

To protect consumers

As reported in the local newspaper, the Astana Times in referring to Kapital.kz the Blockchain and Cryptocurrency Association asked to be recognized by the government of the country as a legal entity to begin its official activities. It should be recalled that Kazakhstan has already taken various measures to study the potential behind the technology, Blockchain and the Bitcoin, seeming to adopt an attitude that is more widely tolerant compared to neighbouring Russia. In July, a Pact of Blockchain “in collaboration with Russian platform Waves saw the participants express the wish to become the” Blockchain Singapore “. The country also sponsors its own crypto-currency State, the CryptoTenge, a digital asset related to the fiat currencies that would work probably the same way that the Cryptorouble recently announced by Russia.


Kazakhstan believes in the potential of the technology, Blockchain and crypto-currencies

“Our main objective is to prescribe the rules of the game in the market of the Blockchain and the crypto-currency in Kazakhstan with the central bank,” said the president of the association, Yessin Loot. “There are no companies operating on the market of the Blockchain in Kazakhstan, but there are more companies who are interested in the potential of this technology,” he added. And Loot to the conclusion that : “people are looking for an alternative and found it in the form of crypto-currency “.

Also, here is a short documentary covering the interest of Belarus concerning crypto-currencies.

This week, it was also known that Belarus could potentially legalize the trade of Bitcoin and make it so that the points of sale approved by the government to be more widely available.

Source : Cointelegraph