Newborn Kazakhstan Crypto Market

Newborn Kazakhstan Crypto Market

The Bitcoin market of Kazakhstan is a newborn in the industry. In fact, it could hardly be called a market yet, as it consists of only a couple of enthusiasts working hard to promote Bitcoin and the Blockchain among the Kazakh people. Recently the first Bitcoin ATM was installed in Kazakhstan and in 2016 Kazakh enthusiasts plan to create a Bitcoin Foundation in the country. Boris Komarov is such enthusiast and a head of the First Bitcoin Center in Kazakhstan. He told CoinTelegraph about the current situation in the Kazakh crypto market and also shared his plans for further development of....


Related News

Kazakhstan Central Bank Could Ban Bitcoin to Protect Bankers

Kazakhstan's Central Bank Governor, Kairat Kelimbetov, has indicated in public comments that the National Bank of Kazakhstan could move to classify bitcoin as a ponzi scheme this year. The remarks were issued on 4th February at a press conference, according to Tengrinews.kz, an English-language news site based in Kazakhstan. There, Kelimbetov suggested that the Finance Ministry of Kazakhstan is studying bitcoin, but has yet to determine a formal stance on the virtual currency. "The issue is rather complicated. Some claim the currency is a good tool of money laundering and an absolute evil.....

Kazakhstan to Determine Position on Bitcoin in 2014

The authorities of the People’s Republic of China together with the EBA (European Banking Authority) were the first two bodies to declare their position on Bitcoin and other cryptographic currencies, what also has set the trend to populate warnings or praises on the virtual coins for other countries of financial institutions. It cannot be denied that most revelations carry negative concerns, but the regularity provides no shocks or drops of prices. First attacks have definitely tempered the Bitcoin. The 4th of February has also featured another statement, this time - from Kazakhstan. The....

Kazakhstan Signs Innovation Pact To Become ‘Blockchain Singapore’

Kazakhstan is working with Deloitte, the Blockchain company Waves and others to examine how the technology can operate in government. A press release issued today claims the country wishes to become the “second after Japan” to “recognize the need for the development of the cryptocurrency market system at the governmental level.” “The signing of the memorandum with our partners on the development of the digital currency market on the basis of the The International Financial Center Astana is the first step towards a creation of a full-fledged ecosystem of....

Kazakhstan Warms Towards Bitcoin as Local Currency Freefalls

Kazakhstan’s national fiat currency, the Tenge, has been falling for decades, recently, hitting a record low. Meanwhile, interest in Bitcoin is growing, and volumes have been steadily rising in the Central Asian country. Kazakhstan’s Currency Problems. The Central Asian country was the last Soviet republic to declare independence back in 1991 when the USSR fell. With above-average oil reserves and a 2014 GDP of about $420 billion, Kazakhstan has the largest and strongest performing economy in Central Asia. With strong economic outlook, Kazakhstan’s local....

Central Bank Governor of Kazakhstan Says Bitcoin May Be Deemed a Ponzi Scheme

It wouldn't be an ordinary day without another world government coming out against digital currency bitcoin. This time around it's the Central Bank of Kazakhstan, with its governor making some interesting comments. Kairat Kelimbetov, the bank's governor, said that bitcoin may be deemed as a ponzi scheme by the central bank at a press conference Tuesday in Almaty. "The issue is rather complicated. Some claim the currency is a good tool of money laundering and an absolute evil. That's why some monetary authorities, like those in China, have banned Bitcoin," said Kelimbetov, incorrectly....

Quotes

It [Bitcoin] can only go UP UP UP!

Bruce Wagner, American novelist & actor