The Astana Financial Services Authority (AFSA) has significantly increased Bitfinex Securities’ operational capacity in Kazakhstan, raising its platform limit by $100 million to a total of $310 million. This regulatory endorsement reflects surging global demand for tokenised securities and positions the Astana International Financial Centre (AIFC) as a forward-looking hub for digital asset innovation. The expansion will enable Bitfinex Securities to facilitate substantially more capital raising and secondary market trading for companies seeking to leverage tokenisation technology.
about Bitfinex Securities' Platform Limit Raised to $310M by Kazakh Regulator
News from KAZ
Generated 0 posts last week Kazakhstan Oil Supply Threatened by Black Sea Terminal Repairs
Kazakhstan’s oil exports face significant disruption as prolonged repairs at a key Black Sea terminal threaten production cuts. The CPC Terminal, a crucial export hub, is operating at severely reduced capacity due to damage from Ukrainian drone attacks and ongoing maintenance. This bottleneck could impact global energy markets and Kazakhstan’s economy, highlighting the vulnerability of critical energy infrastructure to geopolitical conflicts and technical failures.
about Kazakhstan Oil Supply Threatened by Black Sea Terminal RepairsDogecoin Plunges Below Key Supports as Market Weakness Deepens
Dogecoin (DOGE) has plunged below critical technical support levels, dropping over 8% in 24 hours as intensified selling pressure sweeps across the cryptocurrency market. The memecoin’s decline to near $0.13 is fueled by persistent spot market outflows, a sharp contraction in derivatives activity, and disappointingly weak institutional demand evidenced by tepid ETF inflows. With technical indicators firmly bearish and market rotation shifting capital away from speculative assets, analysts warn that failure to reclaim key resistance zones could signal a deeper correction is underway.
about Dogecoin Plunges Below Key Supports as Market Weakness DeepensKazakhstan Central Bank to Invest $300M in Crypto Reserves
In a landmark move for sovereign finance, Kazakhstan’s central bank is preparing to allocate up to $300 million from its gold and foreign-exchange reserves into cryptocurrency and crypto-linked assets. This phased investment, one of the first of its kind by a national monetary authority, signals a cautious but significant institutional pivot toward digital assets. The initiative forms part of a broader national strategy to establish a dedicated digital-asset reserve fund, targeting between $500 million and $1 billion.
about Kazakhstan Central Bank to Invest $300M in Crypto ReservesEthereum Consolidates at $2,770 Amid Market Weakness
Ethereum is currently trading around $2,770 as the cryptocurrency enters a consolidation phase following recent pullbacks. The asset faces key resistance near $3,000-$3,100 while maintaining support in the $2,750-$2,800 range. Market analysts attribute the current weakness to broader risk-off sentiment rather than fundamental protocol concerns, with institutional interest persisting though capital inflows have slowed, indicating cautious market participation.
about Ethereum Consolidates at $2,770 Amid Market WeaknessKazakhstan Plans $1B Crypto Reserve from Sovereign Wealth
Kazakhstan is poised to make one of the most significant sovereign moves into digital assets by converting portions of its sovereign wealth and gold reserves into cryptocurrency. The National Bank’s deputy chairman has revealed plans to create a state-managed crypto asset fund worth up to $1 billion, signaling crypto’s growing acceptance as a legitimate asset class at the national level and potentially setting a precedent for other nations.
about Kazakhstan Plans $1B Crypto Reserve from Sovereign WealthCollect & Exchange Launches Crypto Trading App on Google Play
Collect & Exchange, the international B2B platform for cryptocurrency and fiat exchange, has launched its mobile application on Google Play, marking a strategic expansion from web-only access to mobile-first convenience. The new app brings the platform’s full functionality to smartphones and tablets, offering business clients enhanced security, optimized interfaces, and on-the-go access to digital asset management. This move responds to the growing demand for mobile solutions in the corporate cryptocurrency space while maintaining the platform’s commitment to compliance and transparency.
about Collect & Exchange Launches Crypto Trading App on Google PlayBNB Surpasses XRP as Third-Largest Crypto Amid Record Activity
Binance Coin (BNB) has surged past XRP to claim the third-largest cryptocurrency spot by market capitalization, trading above $1,310 with impressive weekly gains of 30%. The rally comes amid unprecedented on-chain activity and a memecoin frenzy driving massive transaction volumes across the BNB ecosystem, pushing its market cap to $182-185 billion and outpacing both Bitcoin and Ethereum in weekly performance.
about BNB Surpasses XRP as Third-Largest Crypto Amid Record ActivityKazakhstan Shuts 130 Crypto Platforms in Money Laundering Crackdown
Kazakhstan’s Financial Monitoring Agency has dramatically escalated its enforcement against cryptocurrency platforms engaged in illicit financial activities, closing 130 operations and seizing $16.7 million in digital assets linked to money laundering schemes. This aggressive regulatory action represents a significant paradox for a nation that has publicly positioned itself as Central Asia’s emerging cryptocurrency hub, revealing the tension between promoting digital asset innovation and combating financial crime.
about Kazakhstan Shuts 130 Crypto Platforms in Money Laundering CrackdownBNB Hits Record $1,330, Becomes Third-Largest Crypto
BNB has surged to unprecedented heights, recording four new all-time highs in just one week and climbing to become the third-largest cryptocurrency by market capitalization. The altcoin’s remarkable 30% weekly rally has analysts predicting further gains as institutional interest grows. Corporate holdings in BNB have reached record levels, signaling strong confidence in the asset’s long-term potential.
about BNB Hits Record $1,330, Becomes Third-Largest CryptoKazakhstan Shuts 130 Illegal Crypto Platforms in $16.7M Crackdown
Kazakh authorities have launched a sweeping crackdown on unlicensed cryptocurrency operations, shuttering 130 platforms and seizing $16.7 million in digital assets in a major anti-money laundering campaign. The enforcement action, disclosed by Financial Monitoring Agency Deputy Chairman Kairat Bizhanov, also exposed 81 clandestine cash-out networks handling over $43 million in illicit transactions, revealing deep vulnerabilities in the country’s financial system that are now prompting controversial new surveillance measures.
about Kazakhstan Shuts 130 Illegal Crypto Platforms in $16.7M CrackdownBNB Hits $1,100 Record as Uptober Rally Accelerates
Binance Coin (BNB) has shattered previous records by surging past the $1,100 milestone in early October, posting a 6.5% gain within 24 hours and reaching a new all-time high of $1,111. This breakthrough highlights BNB’s growing market influence amid volatile macroeconomic conditions and signals renewed institutional interest as the cryptocurrency establishes itself alongside Bitcoin and Ethereum as a major digital asset.
about BNB Hits $1,100 Record as Uptober Rally Accelerates