Regulatory Alerts2023-12-28 | https://aifc.kz/legal-framework/aifc-rules-and-mechanisms-of-cooperation-of-unbacked-digital-asset-exchanges/Added · Updated
AIFC Rules on Cooperation of Unbacked Digital Asset Exchanges with Second-Tier Banks
The Astana International Financial Centre issued Rules No. FR00063 to regulate the interaction between authorized Digital Asset Service Providers and second-tier banks in Kazakhstan. The document mandates strict anti-money laundering and counter-terrorist financing controls, requiring banks to perform enhanced due diligence and verify the source of funds for all client transactions. It further imposes specific operational constraints, including a USD 1,000 monthly investment limit for retail residents and prohibitions on privacy token usage and crypto-lending services.