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    QONEQT in Crypto News

    20-Oct-2022 12:17 PM


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    Russian users are welcomed by crypto exchanges in Kazakhstan, but there’s a catch

    Some cryptocurrency exchanges continue onboarding Russian nationals despite the latest Western sanctions against Russia, but not without certain restrictions.

    In late September, Kazakhstan’s President Kassym-Jomart Tokayev witnessed the nation’s first regulated fiat-to-crypto purchase by a local commercial bank, the Eurasian Bank.
    “Although foreign nationals are more than welcome at Intebix, they will need a local bank card to enjoy the crypto-to-fiat transactions,” Dossanov said in an interview with Cointelegraph.

    Kazakhstan became one of the prime destinations for Russian nationals seeking to avoid being called up to fighting in Ukraine after Russian President Vladimir Putin announced a partial mobilization in mid-September.
    “Since we are a regulated exchange we have to comply with the requirements set by our regulators.
    Binance, one of the world’s biggest crypto exchanges, received in-principle approval to operate as a digital trading facility and provide custody services in AIFC in August.
    Source: Cointelegraph
    #crypto