Binance to Advise on Crypto Strategy as Kazakhstsan Looks to Boost Industry

• Binance volition besides effort to "integrate banking infrastructure wrong the cryptocurrency market," and assistance with the country's blockchain strategy, according to a post connected its authoritative blog.

• It volition enactment with the country's integer ministry to marque IT parkland Astana Hub into a determination blockchain hub, the station said.

• Kazakhstan is 1 of the world's biggest bitcoin mining powerhouses, but its mining manufacture has been struggling to woody with energy shortages. The authorities has turned to processing its crypto and blockchain manufacture beyond mining, including attracting caller firms to its concern hub, the Astana International Financial Centre (AIFC).

• The cardinal slope besides confirmed to CoinDesk a March amendment to a law that allows banks to work crypto exchanges established successful the AIFC.

• Binance laminitis and CEO Changpeng "CZ" Zhao met Kazakh President Kassym-Zhomart Tokayev, arsenic good arsenic Minister of Digital Development, Innovation and Aerospace Industry Bagdat Musin, and the president's First Deputy Chief of Staff, Timur Suleimenov connected Wednesday, according to the post.

• "Together with CZ, we considered the Binance roadmap successful Kazakhstan. We besides discussed the imaginable of creating a blockchain-oriented VC-fund and academy to assistance section talents from Astana Hub to spell global," Tokayev said according to the blog post.

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