Crypto Exchanges to Operate in Kazakhstan Under the AIFC

The Kazakh government has plans for the trial of a pilot project relating to exchange platforms in the Astana International Financial Center (AIFC).  As a result, crypto exchanges in Kazakhstan could operate under more legal protection if the test pilot is successful. Working alongside local banks and governmental bodies these platforms will be able to offer their services beneath the AIFC. Former Kazakh President Nursultan Nazarbayev proposed the creation of the center in 2015. The idea behind this was to…