Kazakhstan’s regulator has allowed TON trading on licensed crypto exchanges
AIFC representatives conducted a thorough analysis of the asset and concluded that it complies with internal standards
28.06.2024 - 14:25
250
2 min
0
Last updated on Aug 6, 2024
What’s new? The authorities of Kazakhstan have legalized the native token of the TON blockchain. This happened after Pavel Durov, the creator of TON and messenger Telegram, visited the Astana International Financial Center (AIFC), under which licensed cryptocurrency companies are allowed to operate in the country.
What else is known? The AIFC’s Astana Financial Services Authority (AFSA) has determined that TON meets domestic regulatory standards and has allowed investors to trade the asset on AFSA-licensed platforms.
“Toncoin’s inclusion in the regulated environment of AIFC is expected to attract a new wave of institutional and retail investors seeking safe and transparent trading options,” AIFC officials said.
At the time of writing the news, Toncoin is ranked ninth in the overall cryptocurrency ranking with a capitalization of $18,8 billion and is trading at $7,61, having lost 0,5% overnight. The weekly gain was 6,4% and the asset is up by 228% since the beginning of the year.
TON’s ecosystem includes multiple projects, including decentralized exchanges (DEXs) DeDust and STON.fi, as well as liquid staking protocols Tonstakers and bemo. More recently, Tether has added TON support for its USDT stablecoin, which is the third-largest cryptocurrency with a capitalization of $112,6 billion.
USDT volume on the TON network reached $500 million in two months, and the blockchain’s total value locked (TVL) increased 14 times between March and May.
In addition, TON is integrated with Telegram. In early June, the messenger launched Telegram Stars, a TON-based internal currency for paying for digital goods in bots and apps.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 023
BTC
+3.84%
-
Ethereum
$3 366.9
ETH
+9.06%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.2
XRP
+7.79%
-
Dogecoin
$0.384706
DOGE
+1.15%
-
Cardano
$0.806627
ADA
-1.05%
-
Bitcoin Cash
$478.76
BCH
+7.61%
-
Polkadot
$5.89
DOT
+2.08%
-
Stellar XLM
$0.252637
XLM
-0.27%
-
Litecoin
$88.79
LTC
+4.96%