AIFC boosts Kazakhstan’s digital asset industry as cryptocurrency trading approaches $500mn since January
The Central Asia Fintech Summit 2024 is at present underway on the Royal Tulip Lodge, gathering thought leaders and specialists from the fintech industry to deal with urgent challenges and opportunities. Happening from October 8-9, this summit is crucial for addressing the fast evolution of monetary applied sciences, as properly as crucial safety and regulatory challenges.
Attending the summit, Renat Bekturov, governor of the Astana Worldwide Monetary Centre (AIFC), highlighted a number of forward-looking initiatives geared toward fostering innovation in Kazakhstan’s monetary landscape. Amongst these is the AIFC Mental Property Legislation, designed to guard improvements inside its jurisdiction. Bekturov additionally mentioned the Tabys platform, which goals to boost monetary literacy and broaden entry to funding instruments for Kazakh residents.
Moreover, the AIFC promotes the expansion of Kazakhstan’s digital asset industry. Since January, trading volumes on cryptocurrency exchanges have surged to almost $500mn, with the variety of purchasers rising by 134% to achieve 122,000. This pattern alerts important potential for additional development. To help this increasing market, new regulatory frameworks have been established to supervise digital asset actions based mostly on current pilot program outcomes.
The summit goals to facilitate the change of information and concepts that can advance cost programs and monetary applied sciences not solely in Central Asia however globally. With an anticipated attendance of 1,500 members and over 50 audio system, the occasion is claimed to cowl important matters such as digital currencies, synthetic intelligence (AI), blockchain, and cybersecurity.
Different audio system embody Timur Suleimenov, Chairman of the Nationwide Financial institution of Kazakhstan, and representatives from main fintech corporations like Visa and Mastercard. The discussions are mentioned to give attention to creating regulatory frameworks that foster innovation whereas making certain client safety.
Individuals have the chance to community by way of numerous panel discussions and workshops designed to attach industry leaders, startups, and regulatory our bodies. Registration for the occasion is free however required, making it accessible to anybody within the evolving fintech panorama.
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