Saturday, 20 April 2024
Astana International Financial Center and EXANTE agree to the development and promotion of crypto-assets markets in Kazakhstan
The Astana International Financial Centre, or AIFC, and next generation investment company EXANTE have signed a memorandum of cooperation towards developing the cryptocurrency markets in Kazakhstan and positioning the AIFC as an international financial technology center.
According to the memorandum, EXANTE, with several blockchain projects already in its portfolio, will launch the Stasis platform, which will serve as the foundation for new crypto assets, secured by fiat. The parties also agreed to cooperate in developing AIFC's regulation of the cryptocurrency markets, and to support the evolution of the fintech-ecosystem in Astana using EXANTE's knowledge and experience in blockchain projects.
"Blockchain and cryptocurrencies are entering the mainstream of today's economic reality. Astana's top financial regulators have already started working, laying the foundations for Kazakhstan's fintech-ecosystem. We believe that the AIFC can become an international hub for blockchain operations, so the development of crypto asset markets is our key priority in the near future," said the Governor of the Astana International Finance Center, Kairat Kelimbetov.
As distributed ledger technology is already drawing the attention of numerous national governments, Kazakhstan has taken proactive steps to become a global trailblazer in this field.
Gregory Klumov, Co-founder and CEO of Stasis, shares this optimistic forecast for the blockchain market. "Blockchain technology has several indisputable advantages: transparency, immutability, relatively fast transactions, and reduced cost. The Global Money Supply (M2) figure is growing at 6% per year and stands at about $50 trillion currently (ex China). The digital assets market will double every two years till at least 2021. We are working on a backbone of the blockchain world, that will close the gap between emerging decentralized finance and the people."
Re-disseminated by The Asian Banker
