Kazakhstan: Kraken signs ministry memorandum and receives AFSA in-principle approval

On 27 October, Kazakhstan’s Ministry of Artificial Intelligence and Digital Development reported a memorandum with Kraken covering digital asset regulation, banking infrastructure integration, blockchain and financial education.

The ministry also reported AFSA in-principle approval for Payward, the group operating Kraken. This is a licensing stage: commencing operations within the AIFC’s regulated jurisdiction remains subject to fulfilment of the applicable requirements.

Source: Kazakhstan’s Ministry of Artificial Intelligence and Digital Development.

Illustration: AI-generated for this publication.