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

Chatswood Tutoring and the Path to Consistent Academic Improvement

For students navigating demanding school expectations, Chatwood tutoring has become an essential form of academic support rather than an optional extra. Chatswood is widely recognised for...

Air Conditioner Sales in Melbourne: Choosing Comfort That Lasts All Year

Maintaining a comfortable indoor environment is essential in a city known for its unpredictable weather. From hot summers to cool winter evenings, reliable climate control plays a major ro...

The Difference Between Managing an NDIS Plan Alone vs With Help

Managing an NDIS plan gives participants control over how their supports are used, but that control also comes with responsibility. For some people, handling a plan independently feels empow...

The Psychology of Borrowing: Why Unsecured Loans Feel ‘Safer’ to Borrowers

Borrowing money is rarely a purely financial decision. For many people, emotions, perception of risk, and personal experience play just as big a role as interest rates or repayment terms. Th...

Why Car Removal Melbourne Services Provide a Hassle Free Solution

When a vehicle reaches the end of its usable life, dealing with it can quickly become inconvenient. Car removal Melbourne services offer a straightforward way to dispose of unwanted, dama...

Cleaning Services in Melbourne for Healthier, Professional Spaces

Maintaining clean and hygienic environments has become a priority for businesses and residential properties alike. Reliable cleaning services Melbourne support healthier spaces, improve f...

Why Root Canal Treatment Plays A Critical Role In Saving Natural Teeth

Dental pain can be disruptive, stressful, and difficult to ignore. In many cases, discomfort is a sign of infection deep within the tooth, where damage cannot heal on its own. Professional...