AIFC reveals how many crypto exchanges it has registered

According to Yernur Rysmagambetov, deputy CEO of the Astana International Financial Center (AIFC) Authority, there are eight crypto exchanges registered at the center. He made this statement during the plenary session of the Senate, the upper house of Kazakhstan’s parliament.

Rysmagambetov also added that 19 more cryptocurrencies are going to be registered in the AIFC.

«According to some estimates, 100,000 to 1,000,000 citizens may be active users of crypto assets in Kazakhstan. The total amount of such assets may be about several billion to several tens of billions, although there is no precise data,» the official said.

All unsecured assets that the AIFC receives are turned into financial assets.

Earlier this week, the Senate reviewed a draft law on digital assets in the Republic of Kazakhstan. The document did not pass the upper house and was returned to the Mazhilis.

The draft law was initiated by a group of MPs with the purpose of facilitating the development of digital assets and digital mining in Kazakhstan. Once the law is adopted, Kazakhstani authorities will require digital miners to obtain licenses.