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In an obvious U-turn of policy, Kazakh Central Bank now recognizes the benefits of the Blockchain.
A group of OneCoin representatives are facing charges in Kazakhstan for illicitly gathering almost $7 million from investors.
Development of crypto market in Kazakhstan, the first Bitcoin ATM in the Country, Kazakhstan Bitcoin Foundation to be created in 2016.
The number of bitcoin merchants surpassed the 100,000 mark in 2015 and has grown across Europe and Asia due to the expansion of well-established bitcoin startups.
The authorities of the People’s Republic of China together with the EBA were the first two bodies to declare their position on Bitcoin and other cryptographic currencies.
Kazakhstan’s Vice Minister of Finance, Ruslan Dalenov, told local news agency Tengrinews that Bitcoin could undermine his country’s position in the global financial system.
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