Kraken Eyes Kazakhstan Market After Country Tightens Crypto Rules

Payward Secures Initial Approval for Kraken Kazakhstan Expansion

Payward, the parent company of cryptocurrency exchange Kraken, has received in-principle approval in Kazakhstan. The Astana Financial Services Authority (AFSA) granted the approval to its local unit, Payward Kazakhstan. As a result, the unit has moved closer to securing a licence in the Astana International Financial Centre (AIFC). However, an in-principle approval is not a [...]

Kraken Eyes Kazakhstan Market After Country Tightens Crypto Rules

Kraken’s parent company, Payward, has received in-principle approval to expand into Kazakhstan, a country that once controlled roughly 18% of global bitcoin mining activity. Thursday’s announcement positions the exchange to offer trading, investment services, and digital asset custody in a market that has shifted from attracting miners with cheap electricity to building a regulated cryptocurrency […]