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Kazakhstan Regulator Grants Kraken Parent In-Principle License Approval

The preliminary authorization covers a digital asset trading facility, investment dealing as principal and agent, and digital asset custody.

Modern glass entrance facing a quiet plaza in late afternoon light / TokenPost.ai
Modern glass entrance facing a quiet plaza in late afternoon light / TokenPost.ai

The Astana Financial Services Authority (AFSA) has granted in-principle approval to license Payward Kazakhstan, a preliminary step toward authorizing Kraken's parent to offer digital asset services in the country.

Payward Kazakhstan is based in the Astana International Financial Centre. The proposed license would cover a digital asset trading facility, dealing in investments as principal and agent, and custody of digital assets.

The approval is preliminary and does not amount to a full license.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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