AFSA grants three full licences to crypto exchanges in Astana
This digest was compiled by AI from multiple sources — links to the originals are below.
The Astana Financial Services Authority has granted three full licences to digital asset exchanges operating in the Astana International Financial Centre. Several more companies are testing services under the FinTech Lab regulatory sandbox. The regulator said licensed platforms must meet investor protection requirements.
Key Facts
- Three digital asset exchanges have received full licences from the Astana Financial Services Authority.
- Several companies are operating under the FinTech Lab regulatory sandbox with limits on client numbers and products.
- The regulatory framework follows IOSCO and FATF international standards, including anti-money laundering and counter-terrorist financing requirements.
- AFSA Markets Director Vladimir Savov advised citizens to check the regulator's register before using any advertised platform.
Licensing Requirements
Licensed companies must meet requirements covering management, trading systems, IT infrastructure and asset custody. The regulator monitors compliance and takes measures in case of violations. Unlicensed platforms may leave clients unable to identify who controls their funds or where orders are executed.
FinTech Lab Sandbox
Companies in the FinTech Lab operate with restrictions on client numbers and product offerings until they receive full licences. Their systems are tested before transitioning to full operation, after which their capabilities expand.
Investor Protection
The main advantage of licensed platforms is protection of investor rights, according to Savov. The AFSA register contains the full list of licensed platforms, and citizens should avoid companies not listed there.
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