Tokayev: It is necessary to create conditions for development of integrated digital ecosystem

Kassym-Jomart Tokayev at a meeting of the Management Council of Astana International Financial Center spoke about the need to develop the infrastructure of the exchange market, the crypto industry and digital assets, El.kz reports with reference to Akorda.

Kassym-Jomart Tokayev stressed the importance of strengthening the role of Kazakhstan in the transformation of global energy markets and world food centres. In particular, he pointed out the urgency of dislocation of the main commodity exchange, compliant to the best international standards and, at the same time, equally far from any risks.

“And here it is crucial for Kazakhstan to declare its robust and competitive exchange market infrastructure. This will open up for us new opportunities of leading regional and international trade. I advise the Government to work through this issue in detail. I think that our regional and global partners will support this initiative,” the President said.

In his speech, the Head of State focused on the development of the crypto industry and digital assets.

“We must make the most of our potential. Yes, we are the No. 2 country in terms of crypto-assets mining, but we should by no means retain a purely commodity-based status. In view of this, I instruct the Government, jointly with the financial regulators and the AIFC, to create favourable regulatory conditions for the development of a sophisticated digital ecosystem,” he saidSumming up the meeting, the Head of State approved the Annual Report on the activities of the AIFC for 2021.

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