Auzzi Shopping

Men's Weekly

.

Bybit Receives In-Principle Approval to Operate in Kazakhstan

  • Written by Auzzi Shopping

ASTANA, KAZAKHSTAN - Media OutReach - 29 May 2023 - Bybit, the world's third most visited crypto exchange, has received in-principle approval by Kazakhstan's Astana Financial Services Authority (AFSA). This latest approval highlights Bybit's continued commitment to expanding its presence in emerging and dynamic markets.



The in-principle approval subjects Bybit to pre-conditions leading to permanent authorization upon Bybit's completion of the full application process. With this approval, Bybit will be allowed to operate a Digital Asset Trading Facility and provide Custody Services at the Astana International Financial Centre (AIFC) in Kazakhstan.

Kazakhstan is a gateway to the Commonwealth of Independent States (CIS), a fast-growing market that is rapidly embracing cryptocurrencies. The region has established itself as a hub for cryptocurrencies, mining, and blockchain development. Bybit recognizes the potential of this market and is excited to offer its services to customers in Kazakhstan and CIS.

"It has always been our primary objective to operate our business in compliance with relevant rules and regulations. Bybit firmly supports the regulatory objective of establishing a compliant, secure, and transparent cryptocurrency industry to benefit users." said Ben Zhou, co-founder and CEO of Bybit. "We are delighted to receive an in-principle approval from AFSA. We believe in the promising potential of the CIS and are eager to open up our world-class trading platform for crypto enthusiasts in the region. We are committed to continuing to improve the cryptocurrency industry's standards and provide a valuable experience to our customers."

Bybit is committed to operating in line with regulatory frameworks and aspires to have a presence in the AIFC, which leads the way as a progressive fintech jurisdiction and provides a regulatory framework for crypto in CIS countries.

Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For more information please visit:

For updates, please follow:










Today's Features at Auzzi

Calecim Professional Keeps Your Skin Thick Even as You Age

Skin thinning is one of the most noticeable changes as we age. Skin may appear fragile, less elastic, and more translucent. Fine lines become more visible, contours soften, and resilience ...

What Services to Expect from a Community Pharmacy Today

A community pharmacy is often the most accessible part of the health system. People stop in to collect prescriptions, but they also ask quick questions about side effects, compare over-the-c...

Rain Plan Playbook: Getting Great Couple Photos in Unpredictable Weather

Rain does not automatically mean “ruined photos.” More often, it means a slightly different plan, a little more patience, and outfits that can handle real movement. Wet pavement, soft ov...

Building Disputes 101: The Paper Trail That Protects You

Most building disputes don’t turn on a single dramatic moment. They turn on documentation. When a project is running smoothly, people rely on verbal updates, quick texts, and informal agre...

Understanding Disability Support Options in Australia: A Practical Map

Disability support in Australia can look like a lot of separate systems: the NDIS, mainstream health services, community programs, schools, workplaces, and informal family help. The most use...

How Often Should You Clean a Septic Tank? A Risk-Based Guide

Septic tank maintenance is one of those tasks that feels easy to postpone because the system is out of sight. The catch is that septic tanks do not “use up” waste. They separate it. Soli...

Alcohol and Anxiety: Understanding the Two-Way Cycle

Alcohol is often used as a quick way to take the edge off. For a little while, it can feel like your thoughts slow down, your body relaxes, and social situations become easier. The problem i...