Trends, risks, and measures in Kazakhstan's crypto industry were discussed on Digital Bridge.
The Digital Bridge International Forum has been held annually in Astana since 2018. This year the business program of the forum includes 45-panel sessions. An exhibition of technoparks, an IT Startup alley, an IT school exhibition, an IT jobs fair, and the Astana Hub Battle competition are presented.
The panel session, "Secure digital asset market and global trends in Crypto industry regulation," discussed such topics as:
- main types of crimes in the virtual asset market;
- investigation of cryptocurrency crimes;
- monitoring of crypto-assets and compliance, security of Decentralized Finance (Defi) projects;
- regulation of Stablecoin and Central Bank Digital Currency (CBDC).
This panel session examined global trends in crypto-industry regulation that reduce existing risks in using digital assets.
"Strict compliance in banks no longer surprises anyone. Absolutely the same, the proper level of regulatory technologies gives undeniable advantages to the crypto exchange itself and its clients. To ensure trade security, our exchange has integrated KYC and KYB, which allow us to check each potential exchange client against 8 AML lists", - stated ATAIX Eurasia CEO Harutyun Pogosyan.
During the discussions in his speech, Talgat Dosanov, CEO of Biteeu Eurasia Ltd., noted: "The global trends of crypto-industry regulation are slowly but surely moving towards stricter requirements and standards for crypto-exchanges and companies working with digital assets. For example, the AFSA immediately set a high bar of exchange requirements, thereby minimizing the risks associated with using digital assets to finance illegal activities."
It is worth noting that Biteeu Eurasia Ltd. created a precedent making it possible for Kazakhstanis to legally buy cryptocurrencies for tenge by conducting the first cryptocurrency-bank-client transaction on the entire Eurasian continent.
Tatyana Dmitrenko, Advisor to the UN Office on Drugs and Crime, emphasized during the panel session that the UN is developing e-learning courses on combating cryptocurrencies for criminal purposes.
The organizers are the Ministry of Digital Development, Innovations, and the Aerospace industry of Kazakhstan, Astana Akimat, and the international technopark of IT startups Astana Hub.