Kazakh private bank buys bitcoin for the first time
The second party to the transaction was the local cryptocurrency exchange, Intebix
29.09.2022 - 07:30
299
1 min
0
What’s new? The Eurasian Bank conducted the first transaction to buy bitcoin for fiat money. Intebix (Biteeu Eurasia), a Kazakh cryptocurrency exchange, was the second party to the transaction. The bank’s upcoming plans also include the issuance of a cryptocurrency payment card for residents of Kazakhstan. Forklog reports, citing sources.
What else is known about the transaction? According to Intebix director Talgat Dosanov, the operation between an exchange and a client bank opens access for Kazakhstan residents to legally buy cryptocurrencies for the local currency, tenge. The next step of cryptocurrency integration will be the issue of a cryptocurrency payment card, with which users will be able to pay with digital assets for purchases in stores in Kazakhstan. Transactions will be carried out in tenge using an account linked to client accounts on Intebix.
In June 2022, Kazakhstan approved rules for interaction between crypto exchanges and second-tier banks. Platforms registered with the Astana International Financial Center (AIFC) were allowed to have bank accounts. And in August, crypto exchange Binance received approval in principle to operate a digital asset platform and provide custodial services in AIFC.
Useful material?
Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024