Bitfinex Securities launched trading in Kazakhstan
The company operates from a special economic zone in the country
02.03.2022 - 13:05
306
1 min
0
What’s new? Bitfinex Securities, Bitfinex’s blockchain-based investment platform, has started operating in Kazakhstan. Announced in September 2021, the new security token platform (STO) is regulated within Kazakhstan’s national financial hub, known as the Astana International Financial Center (AIFC).
Information on the Cointelegraph website
What does the company’s representative say? According to Paolo Ardoino, chief technology officer of Bitfinex Securities, the company operates from a special economic zone in Kazakhstan. The platform starts with security token trading, Blockstream Mining Note (BMN). Ardoino said that the company continues to work closely with the local regulators as well as companies looking to raise capital on the STO platform. He added:
“This underlines a pent-up demand among accredited investors for the opportunity to obtain exposure to Bitcoin mining, made available by BMN’s enterprise-grade facilities.”
What is the situation with cryptocurrency mining in the country? The bitcoin mining industry in Kazakhstan is fading as the local government suspends mining and proposes electricity price increases and new taxes. As of August 2021, Kazakhstan was one of the largest BTC mining regions. It accounted for more than 18% of the world’s BTC hashrate, second only to the United States, according to the Cambridge Bitcoin Electricity Consumption Index.
Useful material?
Market
According to Michael Saylor, the move would increase the value of the corporation by $4,9 trillion by 2034
Dec 2, 2024
Incidents
The platform began the bankruptcy process in July 2022
Nov 28, 2024
Incidents
Crypto mixer smart contracts do not have an administrator key, so no one can control them, and they are not considered proprietary
Nov 27, 2024
Market
According to the politician, this will combat widespread corruption by ensuring transparency and accountability of budgetary funds
Nov 26, 2024
Market
Justin Sun invested $30 million in the project
Nov 26, 2024
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024