According to local news sources, Kazakhstan’s financial authority has imposed an upper limit on the cryptocurrency investment that individual investors in the country can make.
Individual investors who have not presented any evidence of their monthly income or total assets, according to what has been transferred up to $1,000 per month able to buy cryptocurrencies.
The practice, which was reported to have started at the end of last month, is the center of the Astana International Financial Center. $2,000 per month to investors compared to the limit proposal. more restrictions brings.
According to the news shared by Kapital.kz basing on the Astana Financial Services Authority (AFSA), investors who submit the necessary documents can exceed the monthly limit of 1,000 dollars, provided that they do not exceed 10% of their annual income or 5% of their total assets, up to $100,000 per year value cryptocurrencies.
In the statement based on AFSA, crypto money investors “all” risk of losing and the upper limit application protect investors was brought for.
Aiming to grow the local cryptocurrency market on the one hand, AFSA will launch a pilot study for cryptocurrency exchanges that will continue throughout 2022.
Kazakhstan, which has grown its share in the mining sector after the obstacles imposed by the Chinese government on cryptocurrency mining, will begin to impose a special tax regime on miners at the beginning of next year.