Посты с тэгом: AFSA
Investing in digital assets will be possible through QazPost
JSC QazPost, the National postal operator of Kazakhstan, can now carry out fiat[1] transactions with digital assets. The company was officially included on the list of organisations that can provide such services along with commercial banks (second-tier banks – STBs) in Kazakhstan. The relevant changes are reflected in the Rules of Cooperation of Digital Assets Services Providers and commercial banks of Kazakhstan.[2]
The Astana International Financial Centre together with the National Bank of the Republic of Kazakhstan and the Agency of the Republic of Kazakhstan on Regulation and Development of Financial Market made amendments of a clarifying nature to the Rules of Cooperation, expanding the list of fiat channels by including the National postal operator.
AIFC actively supports the development of financial innovations, including those involving digital assets, which is one of the most dynamically developing areas. The amendments allow the National postal operator to act as a fiat channel, that is to provide its customers with financial services for deposits and withdrawals. The addition of a new fiat channel also expands the choice for digital asset service providers, thus facilitating the arrival of new entrants into the regulated digital assets market.
The amendments to the Rules of Cooperation are part of a broader initiative to position Kazakhstan as a leading centre for digital finance and innovation. By leveraging the extensive network and capabilities of the National postal operator, AIFC and its partners aim to better support the growing digital assets market.
AFSA CEO Nurkhat Kushimov: “Fiat channels play a key role for the development of the digital asset industry. With the inclusion of QazPost in the Rules of Cooperation, AIFC digital asset service providers and investors in digital assets will have more options in choosing a fiat channel. We also expect an increase in trading volumes of AIFC digital asset service providers. Besides, an increase in the number of players providing fiat channels will also foster competition, which will have a positive impact on the industry. AIFC intends to continue to support the development of innovations in digital assets with the aim of creating a global crypto hub in AIFC.”
QazPost Chairperson of the Management Board Assel Zhanassova: “QazPost’s inclusion in the Rules opens new horizons for our citizens, customers and businesses that are interested in the sphere of digital assets. Using QazPost’s financial products and infrastructure solutions, customers will be able to deposit and withdraw fiat funds to work with digital assets. This year the first collaboration is planned, which will allow QazPost payment card holders to enter fiat funds into a crypto exchange to purchase cryptocurrencies, and also to conduct a reverse operation of crediting fiat funds from a crypto exchange to the card online, without visiting our branches.”
In the first half of 2024, the trading volume of all digital asset service providers licenced in AIFC was over USD 543 million. This significant trading volume is indicative of the growing interest and activity in the digital asset market in Kazakhstan.
Reference:
QazPost JSC is the national postal operator of the Republic of Kazakhstan, providing postal, financial, logistics, brokerage, agency and e-commerce services. QazPost JSC is the largest branch network in the country, covering almost the entire territory of Kazakhstan, especially at the district and rural levels.
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 2,900 firms from 81 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] Fiat Currency is currency which is issued by or on behalf of the government in its country (or countries) of issuance, and which is designated as legal tender in that or those countries through government decree, regulation or law.
[2] Rules and mechanisms of cooperation of Unbacked Digital Asset Exchanges and/or Centre Participants authorised to carry out digital assets-related activities with second-tier bank of the Republic of Kazakhstan (Rules of cooperation).
Investing in digital assets will be possible through QazPost
JSC QazPost, the National postal operator of Kazakhstan, can now carry out fiat[1] transactions with digital assets. The company was officially included on the list of organisations that can provide such services along with commercial banks (second-tier banks – STBs) in Kazakhstan. The relevant changes are reflected in the Rules of Cooperation of Digital Assets Services Providers and commercial banks of Kazakhstan.[2]
The Astana International Financial Centre together with the National Bank of the Republic of Kazakhstan and the Agency of the Republic of Kazakhstan on Regulation and Development of Financial Market made amendments of a clarifying nature to the Rules of Cooperation, expanding the list of fiat channels by including the National postal operator.
AIFC actively supports the development of financial innovations, including those involving digital assets, which is one of the most dynamically developing areas. The amendments allow the National postal operator to act as a fiat channel, that is to provide its customers with financial services for deposits and withdrawals. The addition of a new fiat channel also expands the choice for digital asset service providers, thus facilitating the arrival of new entrants into the regulated digital assets market.
The amendments to the Rules of Cooperation are part of a broader initiative to position Kazakhstan as a leading centre for digital finance and innovation. By leveraging the extensive network and capabilities of the National postal operator, AIFC and its partners aim to better support the growing digital assets market.
AFSA CEO Nurkhat Kushimov: “Fiat channels play a key role for the development of the digital asset industry. With the inclusion of QazPost in the Rules of Cooperation, AIFC digital asset service providers and investors in digital assets will have more options in choosing a fiat channel. We also expect an increase in trading volumes of AIFC digital asset service providers. Besides, an increase in the number of players providing fiat channels will also foster competition, which will have a positive impact on the industry. AIFC intends to continue to support the development of innovations in digital assets with the aim of creating a global crypto hub in AIFC.”
QazPost Chairperson of the Management Board Assel Zhanassova: “QazPost’s inclusion in the Rules opens new horizons for our citizens, customers and businesses that are interested in the sphere of digital assets. Using QazPost’s financial products and infrastructure solutions, customers will be able to deposit and withdraw fiat funds to work with digital assets. This year the first collaboration is planned, which will allow QazPost payment card holders to enter fiat funds into a crypto exchange to purchase cryptocurrencies, and also to conduct a reverse operation of crediting fiat funds from a crypto exchange to the card online, without visiting our branches.”
In the first half of 2024, the trading volume of all digital asset service providers licenced in AIFC was over USD 543 million. This significant trading volume is indicative of the growing interest and activity in the digital asset market in Kazakhstan.
Reference:
QazPost JSC is the national postal operator of the Republic of Kazakhstan, providing postal, financial, logistics, brokerage, agency and e-commerce services. QazPost JSC is the largest branch network in the country, covering almost the entire territory of Kazakhstan, especially at the district and rural levels.
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 2,900 firms from 81 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] Fiat Currency is currency which is issued by or on behalf of the government in its country (or countries) of issuance, and which is designated as legal tender in that or those countries through government decree, regulation or law.
[2] Rules and mechanisms of cooperation of Unbacked Digital Asset Exchanges and/or Centre Participants authorised to carry out digital assets-related activities with second-tier bank of the Republic of Kazakhstan (Rules of cooperation).
AFSA allows Fund Managers of Exempt Funds to have their units traded on Authorised Investment Exchanges of AIFC
AFSA announces measures for Authorised Firms to carry out the Regulated Activity of Managing a Collective Investment Scheme in respect of Exempt Funds[1]. As per the new approach Exempt Funds may have their Units admitted to trading on Authorised Investment Exchanges[2] of AIFC. The respective notice on class modification may be found via this link.
Prior to this change Fund Managers of only Non-Exempt Funds[3] could have their Units traded on AIFC Authorised Investment Exchanges. Admitting Exempt Funds will bring in more diverse financial instruments, connect professional investors and Fund Managers who are keen to sell their Fund Units and may consequently reduce distribution costs, raise firms’ visibility and contribute to their overall reputational standing in the finance industry.
AFSA Chief Executive Officer Nurkhat Kushimov: “Fund Managers will know that the distribution channels they have available to them will define how successfully they perform and help businesses grow. Previously, when Fund Managers wanted to sell large volumes of Fund Units, one of the most popular options was to use over-the-counter[4] trading. By allowing Fund Managers to sell Units of Exempt Funds we contribute to efficient product distribution, expand market reach and enhance client satisfaction.”
AFSA’s strategic goal includes the continued development of fund infrastructure within the AIFC. By implementing these modifications, AFSA aims to broaden the distribution channels for Exempt Funds within the AIFC, enhance the competitiveness of the AIFC fund ecosystem, and streamline the distribution of Units for Exempt Funds.
This measure stipulates for a change in certain regulatory prohibitions[5] and will last until further notice from AFSA.
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 2,900 firms from 81 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] Exempt Fund is a Collective Investment Scheme whose Units are Offered in the AIFC only by way of a private placement to Professional Clients and in the minimum subscription amounts of US$50,000.
[2] An Authorised Investment Exchange is an AIFC Centre Participant which has been licenced by AFSA to carry on the Market Activity of Operating an Investment Exchange.
[3] A Non-Exempt Fund is any Collective Investment Scheme whose Units are Offered in the AIFC and which is not an Exempt Fund.
[4] Over-the-counter (OTC) trading is considered as a separate trading option widely used for large undertaking or transaction by large or institutional players because OTC transactions allows to discharge large volumes of assets quicker and in large blocks.
[5] specified in AIFC MAR Rules 7.1.2, AIFC FSFR 62, AFSA CIS Rules 4.2, and Chapters 2, 3, 4, 8, and 9 of AIFC COB Rules.
AFSA to hold regulatory townhall on 18 July at 11:00 Astana time in an online format
The Astana Financial Services Authority (AFSA) is delighted to invite you to join the Regulatory Townhall meeting to be held on 18 July 2024 from 11:00 to 12:30 Astana time via Zoom.
During the Regulatory Townhall new frameworks and amendments to the AIFC legislation will be presented and discussed. Respective consultation papers were made available for feedback on our website (please refer to the link for your convenience). AFSA aims to get suggestions from the market on the regulatory approach and legislative proposals, as well as respond to the questions of the audience.
Agenda
Presentations 11:00 am – 11:45 pm:
Enabling trading of tokenised Investments (https://shorturl.at/m27GG)
Gauhar Kattabek, Senior Associate of the Policy, Strategy and Risk Division, AFSA
Treasury framework (https://shorturl.at/770Oh)
Madina Maimakova, Senior Associate of the Policy, Strategy and Risk Division, AFSA
Credit Rating Agencies framework (https://shorturl.at/Dy8ni)
Zarina Seidakhmetova, Senior Associate of the Policy, Strategy and Risk Division, AFSA
ESG Debentures framework (https://shorturl.at/reEj3)
Aigerim Nurmakhanova, Associate of the Policy, Strategy and Risk Division, AFSA
Legal Entities Framework (https://shorturl.at/INbxU)
Bekezhan Amantay, Associate of the Registration Division, AFSA
Antonina Buts, Senior Associate of the Registration Division, AFSA
Q&A SESSION – 11:45 – 12:15
You are kindly invited to REGISTER ONLINE in advance by 09:00 Astana time 18 July 2024.
https://us06web.zoom.us/meeting/register/tZUrd-utqzIrEtdqJF9SJy-rYpQF7az8qcZI
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 2,900 firms from 81 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 issued Consultation Paper on the proposed amendments to AIFC legal entities framework. Deadline for providing comments is 9 August 2024.
The Astana Financial Services Authority (AFSA) has issued a Consultation Paper on the proposed amendments to the AIFC legal entities framework to seek suggestions from the market.
AFSA proposes to enhance the Legislation Administered by the Registrar regulating formation, incorporation, and corporate governance of different bodies corporate, including the relationship between shareholders, partners and founders, their rights and liabilities, duties and powers of the directors, etc. The proposed amendments will simplify the process of allotment and transfer of securities along with strengthening the provisions of non-cash consideration with regards to Public Companies, transfer and registration of Debt Securities. The proposed amendments will contribute to the ease of doing business along with improvement of the provisions on public offering regime, annual accounts to be sent to the shareholders by a firm, branch registers, and voluntary strike off. Last but not least, the proposed amendments introduce an additional power of the Registrar of Companies and obligations on the firms on maintaining the registered email address, on the process of notification in case of any change in the register of directors. Also, the matter of resignation of directors will be detailed, as well as a provision is going to be introduced that the Registrar of Companies may issue a notice requesting to resolve inconsistency in the Documents kept by the Registrar of Companies.
The proposals in this paper will be of interest to current or potential AIFC Participants, ancillary service providers and professional advisors.
The deadline for providing comments is 9 August 2024. Once we receive your comments, we shall consider if any refinements are required to this proposal.
AFSA prefers to receive comments by email at [email protected].
The Consultation paper can be accessed via the link: https://orderly.myafsa.com/articles/consultation-paper-afsa-o-ce-2024-0700-on-proposed-amendments-to-the-aifc-legal-entities-framework_1
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 2,800 firms from 78 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 issued 32 licences in first half of 2024, twice as many as last year
The Astana Financial Services Authority (AFSA) issued 32 licences in the first half of 2024, including 14 authorised firms in the full regulatory regime, 4 FinTech Lab participants and 14 Ancillary Services Providers (ASPs), over twice as many compared to the figures for 2023.
Fourteen firms received AFSA licences to provide financial services in the first half of 2024, which is more than double the number licenced in the same period last year. As of the end of June 2024 the total stands at 103 licenced participants. The firms licenced this year include: Aspan Prime Capital, VPE Capital Fund Management, One Capital Ltd, Aquila Management Ltd, SQIF AM Ltd, JAS Ventures Limited., ITS Central Securities Depository Limited, Zubr Capital Limited, Tayyab Finance Ltd., Upside Lab Advisors Ltd., RCS Trust and Corporate Services Ltd, Radiance Capital Management Limited, Vizier Asset Management Company Limited, and Gesher Finance Ltd.
Four new FinTech firms joined AFSA in 1st half of 2024, among them Cepheus Pay Limited, Impact Capital Ltd., Swiftex.io Limited and deliryo Ltd. In general, there are now 14 companies currently operating within the regulatory sandbox. In March this year AFSA called on Digital Assets Services providers to test out new products and services involving digital assets. The new types of digital assets may involve margin trading, peer-to-peer, derivatives trading, staking, non-fungible trading, digital asset loans and other services. Besides, a Guidance clarifying the requirements for conducting Over-the-Counter (OTC) transactions[1] involving digital assets in AIFC was released.
In the first six months of 2024 AFSA licenced 14 Ancillary Services Providers (ASPs), which is double the number licenced throughout the whole of last year. This brings the total of ASPs as of today to 127 firms. The new ASPs licenced in the past six months are: Squire Patton Boggs Kazakhstan Ltd., Branch of SFAI Kazakhstan in the AIFC, Branch of Moore Kazakhstan LLP in the AIFC, Nexus For Success Ltd., B&G Solutions Ltd., FI.CENTER Ltd., Amicorp Kazakhstan Limited, Branch of “Independent Audit Company “Centeraudit-Kazakhstan” Limited Liability Partnership in the AIFC, AnalyticaPro Solutions Ltd, Branch of Scope Audit Kazakhstan LLP in the AIFC., Branch of Alma Audit LLP in the AIFC, AR Solutions Ltd., Pactum Legal Ltd. and Branch of Independent Audit Company Concord in the AIFC.
The Ancillary Services Providers’ industry is one of the fastest growing at AIFC. It received an added impetus following the arrival of larger companies in recent years, which necessitated forming the required infrastructure provided by ASPs.
Among important regulatory updates, in March 2024 AFSA informed Fund Managers of the modification made to the Section 92 (2) of the AIFC Financial Services Framework Regulations. The modification implies that, provided specific conditions are met, Fund Managers and their Approved Individuals responsible for executing day-to-day property management control will have the opportunity to participate in the Collective Investment Scheme they manage. This will allow fund managers to co-invest along with their investors.
In June 2024 AFSA recognised 12 jurisdictions as equivalent jurisdictions. This means that unlike before now firms applying to be recognised as Foreign Fund Managers in the AIFC are not required to conduct and provide a gap analysis to AFSA, thus expediting the whole process.
Meanwhile, the total number of AIFC participants registered within the first six months of this year stands at 508 – twice as many as in the same period 2023 – bringing the total to 2,858.
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.
The firms registered at AIFC 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] In decentralised finance, OTC is considered as a separate trading option widely used for large undertaking or transaction by large or institutional players because OTC transactions allows to discharge large volumes of Digital Assets quicker and in large blocks.
AFSA issues Consultation paper on enabling trading of Tokenised Investments and Qualified Investments and proposed enhancements to the AIFC Multilateral and Organised Trading Facilities Rules
The Astana Financial Services Authority (AFSA) has issued this Consultation Paper to seek suggestions from the market on enabling trading of tokenised Investments and Qualified Investments and proposed enhancements to the AIFC Multilateral and Organised Trading Facilities Rules (“MOTF”).
The proposals in this paper will be of interest to current and potential AIFC participants dealing in tokenised Investments or Qualified Investments, Authorised Firms involved in operation of a Multilateral Trading Facility (“MTF”) or an Organised Trading Facility (“OTF”) in or from the AIFC, as well as other interested parties.
This Consultation Paper outlines several key proposals focused on:
• enabling the trading of tokenised Investments on Investment Exchanges.
• enhancements to the AIFC MOTF Rules, including general amendments and provisions for enabling the trading of tokenised Qualified Investments on MTF/OTF platforms.
• We invite comments from interested stakeholders.
The deadline for providing comments on the proposed framework is 31 July 2024. Once we receive your comments, we shall consider if any refinements are required to this proposal.
AFSA prefers to receive comments by email at [email protected]
The Consultation paper can be accessed via the link:
https://orderly.myafsa.com/articles/consultation-paper-afsa-p-ce-2024-0006-from-01-july-2024-on-enabling-trading-of-tokenised-investments-and-qualified-investments-and-proposed-enhancements-to-the-aifc-multilateral-and-organised-trading-facilities-rules.
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 2,700 firms from 78 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/
AIFC introduces Family Offices Framework
The Astana Financial Services Authority (AFSA) has enacted the AIFC Family Offices framework effective from 1 July 2024.
The Framework introduces specific regulations tailored for operations of Single Family Office (SFO) in the AIFC, which are able to open the SFO Funds. Such vehicles will allow managing family wealth in line with international practices. Recognising the unique nature of SFOs and their limited investor base, the framework includes streamlined regulatory provisions for SFO Fund Managers.
The AIFC Family Offices Framework represents a significant step towards strengthening the AIFC’s position as a leading international financial centre in Eurasia. This framework offers a robust regulatory and tax environment that caters specifically to the needs of SFOs, making the AIFC an attractive location for establishing and managing family wealth.
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 2,700 firms from 78 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/
Astana Financial Services Authority approved Toncoin for Trading on Digital Asset Trading Facilities in AIFC
Astana Financial Services Authority has reviewed and approved Toncoin (Telegram Open Network’s native cryptocurrency) for Trading on Digital Asset Trading Facilities in AIFC.
AFSA’s decision follows a comprehensive review process, ensuring that Toncoin meets the regulatory standards set forth by the authority. With this approval, investors can now trade Toncoin on AFSA-licenced platforms, benefiting from the robust regulatory framework and investor protection measures established by the AIFC.
The inclusion of Toncoin in the AIFC’s regulated environment is expected to attract a new wave of institutional and retail investors seeking secure and transparent trading options.
To get familiarised with the updated list of digital assets approved by AFSA for trading, which is now comprised of 107 digital assets, please visit this link: https://orderly.myafsa.com/articles/table-of-digital-assets-approved-afsa-notice-no-afsa-f-nb-2023-007.
Reference:
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 2,800 firms from 78 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]
