Topic: Regulation in Kazakhastan (Read 850 times)
It was still a proposal it’s either the lawmakers will not amend the existing laws about it or they will follow the recommendation from the central bank officials.. Befor doing such actions much needed more study on how the citizens of that will react to its implementation and hope they will get the side of the bitcoin community also.. Nevertheless if it limited to suspicious activities like unlicensed and unknown developers of an ICO then that’s fine for me..
ensure their country's citizens of the risk. i think they are just just Ensuring that people of kazakhstan still use their fiat currency, theyre afraid of bitcoin, those people proposing stuff.just my opinion.
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.I don't think there is a way around having to pay fees twice. You can always exchange USD, so try and bring that. Or you could withdraw Tenge from your credit card in the airport upon arrival.
So nobody will change my AUD?
USD, EUR, RUB, KGS, GBP, CNY, CHF - yes.
AUD - no. We call it exotic currency, even if you find an exchange that accepts AUD, the rate will be unfair.
Thank you for that information! I will ensure to have USD or EUR with me!
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.I don't think there is a way around having to pay fees twice. You can always exchange USD, so try and bring that. Or you could withdraw Tenge from your credit card in the airport upon arrival.
So nobody will change my AUD?
USD, EUR, RUB, KGS, GBP, CNY, CHF - yes.
AUD - no. We call it exotic currency, even if you find an exchange that accepts AUD, the rate will be unfair.
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.I don't think there is a way around having to pay fees twice. You can always exchange USD, so try and bring that. Or you could withdraw Tenge from your credit card in the airport upon arrival.
So nobody will change my AUD?
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.I don't think there is a way around having to pay fees twice. You can always exchange USD, so try and bring that. Or you could withdraw Tenge from your credit card in the airport upon arrival.
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.Wonderful thank you very much!
It would be really problematic to change directly from AUD to KZT. Even if you find some place, exchange rate would be much higher. You would be definitely better off to come with USD.
What do you mean by money changers?
No problems. I will bring USD! That's easily done.
Some countries have businesses that do exactly and only that - exchange money. Places like TravelEx etc.
According to even Wikivoyage
"Along Respubika Avenue you can find a number of 24-hour currency exchange"
Aah, okay. There must be plenty of them. I am more used to calling them exchange place(shop). That's why I didn't understand it immediately
My advice is:Download app 2gis. It is city guide, works offline, has english version and generally offers better info than google maps.
Hope that you will like your time there
Wonderful - thanks for that. I will download it now!
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.Wonderful thank you very much!
It would be really problematic to change directly from AUD to KZT. Even if you find some place, exchange rate would be much higher. You would be definitely better off to come with USD.
What do you mean by money changers?
No problems. I will bring USD! That's easily done.
Some countries have businesses that do exactly and only that - exchange money. Places like TravelEx etc.
According to even Wikivoyage
"Along Respubika Avenue you can find a number of 24-hour currency exchange"
Aah, okay. There must be plenty of them. I am more used to calling them exchange place(shop). That's why I didn't understand it immediately
My advice is:Download app 2gis. It is city guide, works offline, has english version and generally offers better info than google maps.
Hope that you will like your time there
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.Wonderful thank you very much!
It would be really problematic to change directly from AUD to KZT. Even if you find some place, exchange rate would be much higher. You would be definitely better off to come with USD.
What do you mean by money changers?
No problems. I will bring USD! That's easily done.
Some countries have businesses that do exactly and only that - exchange money. Places like TravelEx etc.
According to even Wikivoyage
"Along Respubika Avenue you can find a number of 24-hour currency exchange"
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.Wonderful thank you very much!
It would be really problematic to change directly from AUD to KZT. Even if you find some place, exchange rate would be much higher. You would be definitely better off to come with USD.
What do you mean by money changers?
No problems. I will bring USD! That's easily done.
What do you mean by money changers?
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.Wonderful thank you very much!
It would be really problematic to change directly from AUD to KZT. Even if you find some place, exchange rate would be much higher. You would be definitely better off to come with USD.
What do you mean by money changers?
No problems. I will bring USD! That's easily done.
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.Wonderful thank you very much!
It would be really problematic to change directly from AUD to KZT. Even if you find some place, exchange rate would be much higher. You would be definitely better off to come with USD.
What do you mean by money changers?
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary.Wonderful thank you very much!
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary.
The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them.
If you decide to go to one of those, this is our usual spot
it's in the same entrance as the notary. The central bank of Kazakhstan has submitted proposals to its government to restrict some cryptocurrency-related activities. The central bank’s chairman, Daniyar Akishev, said at a press conference in Astana on Wednesday that this is “to protect the public from speculative risks". Akishev said on Wednesday that the bank and the government are “developing an approach to the issuance and circulation of cryptocurrencies.” This reiterates his statement last week that amendments to the legislation will be developed to regulate them and that currently their legal status has not been determined. But experts said that bannin mining itself is virtually impossible and does not carry risk for a coutnry.
Regulating the ICO or even the bitcoins is the prerogative of every nation in order to ensure the safety of their citizens and the country. we must admit that if bitcoin will not be monitor it will put the people at risk because it might be use in legal activities such as money laundering and smuggling which is hard to trace if their is no regulation could be created.
True it is the prerogative of every nation to do what they will with their populace, in the name of security or otherwise. But I think that most of the community in these boards would agree that an informed and educated directive would be more of an approach than just the typical "in the name of security" ban that governments are knee-jerking to in order to do something about cryptocurrencies. Yes cryptocurrencies can be used in illegal activities, but what currency cannot? Yes it is hard to keep track of the criminals that do use cryptocurrencies, but not impossible. It's also just as hard to keep track of those same criminals that use cash, if not more so. So to fall on the default of security is a lame excuse for laziness for a government that wants to control its citizens.
The central bank of Kazakhstan has submitted proposals to its government to restrict some cryptocurrency-related activities. The central bank’s chairman, Daniyar Akishev, said at a press conference in Astana on Wednesday that this is “to protect the public from speculative risks". Akishev said on Wednesday that the bank and the government are “developing an approach to the issuance and circulation of cryptocurrencies.” This reiterates his statement last week that amendments to the legislation will be developed to regulate them and that currently their legal status has not been determined. But experts said that bannin mining itself is virtually impossible and does not carry risk for a coutnry.
I understand well that it is the job of the government to warn the people of any possible risks involved with any business or transactions and it has the sovereign power to regulate anything including the trading (buy and sell) of Bitcoin within the country's jurisdiction and to be implemented with all of its citizens. While its true that there are inherent risks with Bitcoin as can be true with any investment vehicle around, it is also true that there are underlying benefits that Bitcoin can bring to the country and that is why a regulation meant to protect the people and not really to kill Bitcoin should be welcomed with open arms. I am hoping that Kazakhstan is following this path after in consultation with people who are already knowledgeable with Bitcoin and not just with those who are pretending to be Bitcoin experts but are just actually Bitcoin newbies like me.
Kazakhstan has taken another step to control cryptocurrencies. Some days ago, Astana International Finance Centre (AIFC), said that signed a partnership to develop a national cryptocurrency.
Kazakhstan could sign anything but it will not have any success. Governments think bitcoin is such a success because it is convenient to use. Fools. They do not understand what bitcoin popularity stems from the fact that people want to get away from the inept management of the economy by governments. Who needs their cryptocurrency?
Kazakhstan has taken another step to control cryptocurrencies. Some days ago, Astana International Finance Centre (AIFC), said that signed a partnership to develop a national cryptocurrency.
Kazakhstan is a member of the customs Union. All members of the Union politically and economically dependent on Russia. It makes no sense to pay attention to the statement of the Kazakh authorities. Until Moscow is not determined by their attitude to bitcoin nor Kazakhstan, nor Belarus, nor any action will be.
The central bank of Kazakhstan has submitted proposals to its government to restrict some cryptocurrency-related activities.So it's really reassuring that Kazakhstan is "protecting the people" from having a choice between their government currency which keeps it's citizens in a third world dump, and an inflation proof investment that actually increases in value. 
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