Following the failure of FTX, which highlighted weak cryptocurrency regulations and competing interests, Kazakhstan’s crypto regulator has proposed new requirements to protect customer assets and reduce the risk for regulated digital asset exchanges. This includes measures such as improved segregation of investor funds and improved risk management procedures. New Cryptocurrency Regulations Aim To Protect Investors On Monday, the Astana Financial Services Authority (AFSA) released proposed changes to its Digital Asset Trading Facility (DATF) crypto exchange licensing framework for public input. The AFSA’s review of current regulations and oversight revealed inconsistencies, inadequate stipulations, and vague definitions that need adjustment. To protect…
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