{"id":21252,"date":"2023-05-29T11:11:38","date_gmt":"2023-05-29T11:11:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bybit-gets-in-principle-approval-to-begin-operations-in-kazakhstan\/"},"modified":"2023-05-29T11:11:38","modified_gmt":"2023-05-29T11:11:38","slug":"bybit-gets-in-principle-approval-to-begin-operations-in-kazakhstan","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bybit-gets-in-principle-approval-to-begin-operations-in-kazakhstan\/","title":{"rendered":"Bybit gets \u201cin-principle\u201d approval to begin operations in Kazakhstan"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685358163001-b947ba13-de1a-497f-939e-f66736a7510e-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685358163001-b947ba13-de1a-497f-939e-f66736a7510e-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685358163001-b947ba13-de1a-497f-939e-f66736a7510e-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685358163001-b947ba13-de1a-497f-939e-f66736a7510e-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bybit has been in the process of expanding its service offerings.<\/li>\n<li>Bybit received \u201cin-principle\u201d approval from the Astana International Financial Centre to begin operations in Kazakhstan.<\/li>\n<li>The exchange will begin operating as a digital asset trading facility and as a custody services provider in the country.<\/li>\n<\/ul>\n<p>Bybit has announced that it has received an \u201cin-principle\u201d approval from the Astana Financial Services Authority (AFSA) to start operating as a digital asset trading facility and as a custody services provider in Kazakhstan.<\/p>\n<p>Commenting on the achievement, the co-founder and CEO of Bybit, Ben Zhou, stated that the Commonwealth of Independent States (CIS) as a region provides promising potential for the crypto industry.<\/p>\n<h2>Bybit expansion drive<\/h2>\n<p>Bybit has been in the process of expanding its service and product offering over the past few months.<\/p>\n<p>The most recent move was its announcement on May 2 that it will <a href=\"https:\/\/coinjournal.net\/news\/bybit-taps-into-crypto-lending\/\">start offering crypto lending services<\/a>.<\/p>\n<p>In March this year, Bybit announce a partnership with Mastercard for a new debit card to allow crypto payments.<\/p>\n<h2>Kazakhstan and cryptocurrencies<\/h2>\n<p>In February, local officials in <a href=\"https:\/\/coinjournal.net\/news\/kazakhstan-to-tax-bitcoin-miners-as-new-law-comes-into-effect\/\">Kazakhstan announced new regulations<\/a> requiring 75% of the revenue made from crypto mining to be sold through a crypto exchange as the country cracks down on tax evasion in the industry.<\/p>\n<p>Kazakhstan recently announced that it had collected about $7 million in crypto taxes in 2022. The country is also in the pilot phase of its digital current development.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bybit-gets-in-principle-approval-to-begin-operations-in-kazakhstan\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bybit has been in the process of expanding its service offerings. Bybit received \u201cin-principle\u201d approval from the Astana International Financial Centre to begin operations in Kazakhstan. The exchange will begin operating as a digital asset trading facility and as a custody services provider [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":21253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21252"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21252"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21253"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}