Посты с тэгом: AFSA

The Astana Financial Services Authority (AFSA) has granted its first license for fiat-backed stablecoin[1] issuance, authorising AnchorX.KZ Limited to carry on the Regulated Activity of Providing Money Services in relation to Digital Assets as the Issuer of a Fiat Stablecoin.

The regulatory approval, granted under AFSA’s comprehensive Stablecoin Framework, marks a significant milestone for digital assets ecosystem in Kazakhstan. It underscores AFSA’s and AIFC’s commitment to fostering innovation through a clear and robust regulatory approach, while empowering trusted institutions to explore new frontiers in compliant digital asset services.

The initiative is part of a broader effort to enhance financial innovation and infrastructure in the region. AnchorX aims to support future cross-border financial solutions that align with Kazakhstan’s growing economic ties, particularly with China, where bilateral trade reached $43.8 billion in 2024 .

AFSA introduced its Stablecoin Framework in January 2024, which allows fiat-backed stablecoins pegged 1:1 to currencies[2] that are recognised under the framework—like US Dollar, Euro, RMB, Norwegian Krone, and others.

Speaking at the “AIFC CONNECT: HONG KONG” conference, AnchorX CEO Hill Wang highlighted the strategic importance of regulatory clarity in driving innovation within the digital asset sector. “We are honored and excited to embark on this journey within the forward-looking regulatory framework established by AFSA,” Wang stated.

Regulatory Disclaimer: This content is not intended as financial or investment advice. Always consult with a qualified professional before making investment decisions.

Reference:

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Around 4,000 firms from 84 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

[1] Stablecoin is a crypto asset that aims to maintain a stable value against a specific asset, pool or basket of assets. Stablecoins maintain value stability in a highly volatile crypto market.

[2] Fiat-backed stablecoins are digital coins tied 1:1 to real currencies (e.g., USD), keeping their value stable by being backed with actual money.

Dodo Brands, the parent company of Dodo Pizza — the largest pizza chain in Russia and Kazakhstan — and Drinkit, a fast-growing digital coffee shop concept, has completed the process of redomiciliation^[1] from the British Virgin Islands to the Astana International Financial Centre (AIFC). The redomiciliation allows the company to change its legal jurisdiction while maintaining its legal entity status, corporate structure, and all existing obligations.

The process was finalized in June 12, 2025 and is the result of close cooperation between Dodo Brands and the AIFC. With this move, Dodo Brands joins a growing number of international companies that have selected the AIFC as their new jurisdiction. To date, 14 international holding companies have redomiciled to the AIFC, including Fix Price Group Ltd., Solidcore Resources Plc (former – Polymetal International Plc), Cheltenham Group Limited, and Specta Group Ltd.

Dodo Brands ranks among the top 7 largest foodservice companies in Europe, operating more than 1,300 pizza restaurants and cafés across 26 countries in the Middle East, Europe, Africa, and Southeast Asia. As of June 2025, Kazakhstan is home to over 100 Dodo Pizza locations and 14 Drinkit cafés. In Central Asia, the company has also opened 33 Dodo Pizza locations in Uzbekistan, Kyrgyzstan, and Tajikistan.

In 2024, Dodo Brands crossed $1 billion in system-wide sales, while total headcount across the network reached 43,000.The company’s expansion is driven by a franchise-first model — 95% of its stores are operated by local franchise partners.

A recognized leader in restaurant digitalization, Dodo Brands runs its entire network on Dodo IS, a proprietary cloud-based platform that integrates every function of the business — from point-of-sale systems and logistics to CRM^[2] and real-time analytics. All stores are connected to a single digital ecosystem, ensuring scalability, transparency, and operational consistency for partners and investors.

Renat Bekturov, Governor of the AIFC, noted: “The redomiciliation of Dodo Brands to the AIFC highlights the attractiveness of our jurisdiction to high-tech and fast-growing global companies. Our strong compliance standards and flexible regulatory environment create a favourable foundation for digital economy leaders like Dodo. We are confident that the company’s presence in the AIFC will not only strengthen our ecosystem but also help attract greater investor attention to Kazakhstan and Central Asia as a whole.”

 “It was important for us to choose a jurisdiction where the company has an established  operational presence. The AIFC was a logical choice for redomiciliation: Kazakhstan is home to Dodo Brands’ corporate office, and a significant part of our international business is conducted there. In addition, the AIFC offers a well-developed legal and business infrastructure aligned with international standards, making it an even more attractive base for scaling our operations,” said Dmitry Soloviev, CEO of Dodo Brands.

Reference:

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 3,900 firms from over 80 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

 The Astana International Financial Centre (AIFC) is a leading financial hub in the Eastern Europe and Central Asia region, designed to connect global capital with the vast opportunities of emerging markets. Positioned at the crossroads of Europe and Asia, the AIFC combines international best practices with innovative approaches to create a world-class platform for investment, business, and financial services. Since its establishment in 2018, the AIFC has attracted over USD 14.8 bln in investments into Kazakhstan’s economy. www.aifc.kz     

Contact information:

Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

^[1] redomiciliation is the “relocation” of a legal entity from one jurisdiction to another, in accordance with the applicable laws of both jurisdictions, while retaining the status of a legal entity and not terminating its activities.

^[2] Customer Relationship Management System

The Astana International Financial Centre co-hosted two panel sessions at the Astana International Forum, held in Kazakhstan’s capital on 29-30 May. The discussions centred on digital assets and sustainable development finance, convening representatives from government agencies, international organisations, and the private sector to examine the key trends influencing the financial landscape. 

Renat Bekturov, Governor of the Astana International Financial Centre, said: “The Astana International Forum has firmly established itself as a high-level platform where heads of state and government, international experts, and business leaders convene to discuss global challenges and prospects for development across politics, economics, and finance. Within the forum, the AIFC organised sessions focused on critical contemporary financial topics – digital assets, which are increasingly embedded in our daily lives and reshaping the economy, and sustainable development financing aimed at achieving targets to reduce humanity’s environmental impact.”  

The first session, titled “Digital Asset Revolution: Astana on the Global Map of Digital Finance”, was led by Evgeniya Bogdanova, Chief Executive Officer of the Astana Financial Services Authority (AFSA).  

Evgeniya Bogdanova, CEO of AFSA: “ Kazakhstan is taking significant steps to establish itself as a regional leader in the digital assets sector. This journey began in 2019 with the launch of the AIFC FinTech Sandbox and the introduction of an experimental regulatory regime within the AIFC. In 2022, the AIFC, together with national regulators, launched a joint pilot project for crypto-fiat gateways involving 6 cryptocurrency exchanges, 8 banks and almost 50 thousand users – a project that proved highly successful. Today, the AIFC operates as a fully developed ecosystem, home to licensed crypto platforms such as Binance, Bybit, Bitfinex, and other digital asset service providers. In the first quarter of this year alone, total trading volume reached USD 1.7 billion.”  

At the session, Zhaslan Madiyev, Minister of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan; Lily Liu, President of the Solana Foundation; Binur Zhalenov, Chief Digital Officer and Advisor to the Governor at the National Bank of Kazakhstan; Nurkhat Kushimov, General Manager of Binance Kazakhstan; and Sanzhar Suleimanov, Vice President and Regional Director for Central Asia at VISA, discussed how digital assets are reshaping the financial landscape. 

The rapid adoption of digital assets is already creating not only new opportunities, but also challenges for financial systems and the broader economy. In this context, the speakers explored the evolution of digital currencies – from cryptocurrencies and tokens to central bank digital currencies (CBDCs) – and their potential impact on monetary policy. 

The discussion also highlighted Kazakhstan and the AIFC’s unique position within the global digital asset regulatory landscape, the potential of blockchain-based services to streamline cross-border payments and settlements, the implications of central bank digital currencies (CBDCs) for traditional monetary policy and the role of central banks, as well as the growing popularity of digital assets as investment instruments both in Kazakhstan and globally. 

Nurkhat Kushimov, General Manager, Binance Kazakhstan: “We chose the AIFC as our jurisdiction because Kazakhstan is a strategically important market for Binance. It is especially valuable when a jurisdiction offers transparent, adequate, and well-balanced regulation. Moreover, as a company, we see it as our responsibility to operate in such environments – to share technology, invest in infrastructure and human capital, and support the development of local teams”. 

Lily Liu, President of the Solana Foundation, said: “As an industry, the crypto sector must continue investing in talent development and capital formation. These have always been the foundational elements in building an ecosystem like Solana – consistently attracting developers and builders, and providing them with the necessary resources and expertise. (…) We are particularly committed to this in Kazakhstan, as the country stands out as one of the leading talent ecosystems in the region”.  

Reference:

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 3,800 firms from 85 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

AFSA informs about its plans to undertake reviews of important regulatory frameworks throughout 2025.

AFSA continues its work on enhancing the securitisation[1] framework, building on the proposed amendments initiated last year, which require further review. The proposed changes relate to the structuring and operation of “orphan” Special Purpose Companies (SPCs)[2], the pool of beneficiaries and the administration of SPCs.

AFSA is currently developing proposals within its review of frameworks in the capital markets, digital assets, and crowdfunding sectors, with public consultations expected to commence in mid-2025:

• Capital markets. The focus is on reviewing the regulation related to the offering, listing and trading of securities, while also considering additional amendments to improve access for market participants.
• Digital assets. Further enhancements to the digital assets regulatory framework are being considered, drawing on feedback and regulatory experience since the framework’s introduction in 2024.
• Revising the crowdfunding regulatory framework to strengthen investor protection through enhanced disclosure requirements on default histories and other improvements.

Later in the year, AFSA also anticipates commencing work on additional framework revisions in the fund management, Islamic finance, and insurance sectors. Further details will be communicated as the projects advance.

Stakeholders wishing to contribute early proposals in advance of public consultation within the above frameworks are encouraged to send them to [email protected]. AFSA will take these contributions into account during the drafting process.

AFSA notes that these projects represent our current regulatory agenda, reflecting initial plans and tentative scope, which may be subject to revision as we progress through the year.

Reference:

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 3,800 firms from 85 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

[1] The securitisation is a structured finance transaction whereby banks and other credit institutions package loans into securities.

[2] In general, a Special Purpose Company (SPC) is a legal entity that is created by a parent company (Initiator/originator) for a limited purpose: often to be a participant in a securitisation transaction with a pre-arranged counterparty. Depending on the Initiator/originator’s purposes, the ownership of an SPC could be structured through a direct shareholding, where shares of the SPC are held by its parent company directly, so the SPC will be a wholly owned subsidiary of a parent company; or an “orphan”, where the SPC is owned by an unconnected third party that has control over the SPC, so the SPC is legally separated from its originator.

Astana —The Asian Infrastructure Investment Bank (AIIB) hosted a panel discussion on “Mobilizing Finance for Sustainable Infrastructure” on April 29 at the Astana International Financial Centre (AIFC) as part of a series of lead-up events for the tenth Annual Meeting of the AIIB Board of Governors, to be held on June 24-26, 2025 in Beijing.

The discussion, led by AIIB in collaboration with Kazakhstan’s Ministry of National Economy and Ministry of Transport and key financial market participants, focused on enhancing investment in resilient infrastructure and green projects within Kazakhstan. It explored how AIIB can strengthen its presence and investment activities in Kazakhstan and Central Asia, especially by helping attract private capital into sustainable infrastructure projects.

Speakers and panelists highlighted how AIIB and other multilateral development banks, commercial banks and asset managers can work together to foster sustainable and inclusive growth through infrastructure and green financing. These partnerships bring in both expertise and financing, ensuring projects are not only economically viable but also aligned with broader sustainability goals. Another focus of the event was the ESG standards and how they are becoming essential for responsible investment in infrastructure.

The opening remarks were delivered by Mr. Konstantin Limitovskiy (AIIB), Mr. Satzhan Ablaliyev, (Ministry of Transport of Kazakhstan) and Ms. Evgenia Bogdanova (AFSA). Key participants of the event included Ms. Saadat Asanseitova, Director of International Economic Cooperation at the Kazakhstan Ministry of National Economy; Ms. Zamira Sundetova, CEO of Skybridge Invest; Mr. Wang Xianming, Senior Executive Officer of China Construction Bank, AIFC branch; and other senior representatives.

“As a multilateral development bank, AIIB is uniquely positioned to help bridge the gap between public sector priorities and private sector expertise in Kazakhstan. This approach enables us to drive infrastructure investments that are critical for the country’s sustainable economic growth,” said Konstantin Limitovskiy, AIIB Chief Investment Officer, Public Sector (Region 2) & Project and Corporate Finance (Global) Clients. “Kazakhstan is already accelerating infrastructure and green investments, supported by proactive government policies and a dynamic private sector.”

“The Government of Kazakhstan has made sustainable infrastructure and clean energy central pillars of our national development strategy,” said Satzhan Ablaliyev, Vice Minister of Transport. “We greatly value AIIB’s continued support in mobilizing the capital and expertise needed to realize this vision.”

“Infrastructure isn’t just about building; it’s about enabling opportunity. The infrastructure of the future must be adaptable and offer long-term value, requiring innovative financing and conditions that reward sustainability. At AFSA, we are committed to enabling this transition. Our regulatory framework is designed to support a stable, transparent, and innovative financial environment. We recognize that responsible finance and investor confidence go hand in hand. That is why we continue to strengthen our supervisory approach, enhance market integrity, and create space for new financial products—particularly those linked to sustainability and climate resilience,” said Evgeniya Bogdanova, AFSA Chief Executive Officer.

As a founding member of AIIB, Kazakhstan played an important role in the Bank’s establishment, including hosting the Chief Negotiators’ Meeting in Almaty in March 2015. To date, AIIB has seven projects in Kazakhstan with a total value of over USD2 billion. Its projects are in various sectors, including transport, energy and healthcare. Key projects include helping finance the Zhanatas 100MW, Shokpar 100MW and 220MW Akmolar wind power plants, and the reconstruction of M-32 Highway (Aktobe-Karabutak-Ulgaisyn Section) as well as the Jezkazgan-Karagandy section of Trans-Caspian international transport route.

The AIIB Tenth Annual Meeting will take place on June 24-26, 2025, in Beijing under a theme “Connecting for Development, Collaborating for Prosperity”. For more details and registration information, visit https://2025am.aiib.org.

For reference:

About AIIB 

The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “infrastructure for tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity. 

About AFSA

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 3,800 firms from 85 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

About AIFC

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

The Astana Financial Services Authority (“AFSA”) wishes to alert members of the financial services community and the public to the misleading use of AFSA’s name.

AFSA has identified a group of social media accounts under the names:

• Instagram account “p2pcrypto_exchange”;
• Telegram channel “P2P CRYPTO Криптообменник”, and,
• Telegram account “p2pcrypto_manager”

that are falsely representing themselves as the AFSA authorised entities providing cryptocurrency exchange services.

We would like to inform you that no entity under the names of “p2pcrypto_exchange”, “P2P CRYPTO Криптообменник”, and “p2pcrypto_manager” or similar names are, or have ever been, registered in the AIFC or licensed by AFSA. Therefore, the activities of these social media accounts display characteristics of criminal offenses, potentially falling under Fraud (Article 190) and Illegal Business Activity (Article 214) of the Criminal Code of the Republic of Kazakhstan.

AFSA urges the public to consult its Public Register, which provides up-to-date information about entities registered in the AIFC and firms authorised by AFSA. Verifying a firm’s authorisation before using any financial services or products is essential to minimising risks, ensuring your security and compliance.

AFSA strongly advises against engaging with individuals claiming to represent these social media accounts, and under no circumstances should you enter into any contractual relationships with, or transfer funds to, any parties associated with it.

If you have any concerns about the authenticity of any correspondence or suspect that you have been contacted by someone involved in a scam, we suggest that you address your concerns directly to AFSA. You can do this by using the online form available on our website.

Reference:

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 3,800 firms from 85 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

The Astana Financial Services Authority (“AFSA”) issues this alert concerning the alleged fraudulent activities of an individual presenting himself as Nurlan Asilbekov.

It has come to AFSA’s attention that this individual is allegedly promoting financial services via a private Telegram channel using a forged version of a licence (No. AFSA-G-LA-2023-0004) issued to Bybit Limited by AFSA on 07 June 2023 to conduct the following Market Activity: Operator of a Digital Asset Trading Facility.

The forged licence contains the alleged name of the individual, which is NOT present on authentic AFSA Licences. AFSA does NOT grant Licences to natural persons – it only grants Licences to legal entities.

AFSA warns the public to exercise utmost caution in dealing with entities claiming to provide financial services on the basis of an AFSA licence, and encourages the public to check the Public Register which contains business information on companies authorised and/or registered by AFSA. This is a crucial step to verify that a firm is properly authorised before engaging with any of its financial services or products.

Bybit Limited offers the following tool on its website that allows users to check the authenticity of Bybit sources: Bybit Authenticity Check.

Members of the public who deal with unauthorised persons do so at their own risk and may not be protected under the legal and regulatory framework of the Astana International Financial Centre.

Reference:

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 3,800 firms from 85 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

The Astana Financial Services Authority (“AFSA”) wishes to alert members of the financial services community about the unauthorised use by the project ‘Ya Sobral’ (Я Собрал) of AFSA’s name and the impersonation of a legitimately registered and licensed firm.

The website https://ya-sobral.com/ falsely claims to be regulated by AFSA. Additionally, a firm incorporated within the Astana International Financial Centre and regulated by AFSA – InvestRoom Ltd (Licence AFSA-G-LA-2022-0005 authorising to carry on the Market Activity of Operating a Loan Crowdfunding Platform) – has been impersonated through the use of the name “Investroom Ltd” in the Investor Agreement and Loan Agreement published on the website.

We would like to inform you that no entity under the name of ‘Ya Sobral’ or a similar name is, or has ever been, registered in the AIFC or licensed by the AFSA. Therefore, the activities of “Ya Sobral” display characteristics of criminal offenses, potentially falling under Fraud (Article 190) and Illegal Business Activity (Article 214) of the Criminal Code of the Republic of Kazakhstan.

AFSA urges the public to consult its Public Register, which provides up-to-date information about entities registered in the AIFC and firms authorised by AFSA. Verifying a firm’s authorisation before using any financial services or products is essential to ensuring your security and compliance.

AFSA strongly advises against engaging with individuals claiming to represent this project, and under no circumstances should you enter any contractual relationships with, or transfer funds to, any parties associated with it.

If you have any concerns about the authenticity of any correspondence or suspect that you have been contacted by someone involved in a scam, we suggest that you address your concerns directly to AFSA. You can do this by using the online form available on our website.

Reference:

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 3,700 firms from 85 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]