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Ethereum
Ethereum (ETH)
$1,653.24 3.65787
Ethereum price
BNB
BNB (BNB)
$215.28 1.75612
BNB price
Solana
Solana (SOL)
$19.93 4.70968
Solana price
XRP
XRP (XRP)
$0.5085570 1.75563
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000073 1.39297
Shiba Inu price
Pepe
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$0.0000007 0.37672
Pepe price
El Hippo
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$0.0000000041960 3.36502
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Bitcoin
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$27,036.00 2.84316
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Ethereum
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$1,653.24 3.65787
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BNB
BNB (BNB)
$215.28 1.75612
BNB price
Solana
Solana (SOL)
$19.93 4.70968
Solana price
XRP
XRP (XRP)
$0.5085570 1.75563
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000073 1.39297
Shiba Inu price
Pepe
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$0.0000007 0.37672
Pepe price
El Hippo
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$0.0000000041960 3.36502
El Hippo price
Bitcoin
Bitcoin (BTC)
$27,036.00 2.84316
Bitcoin price
Ethereum
Ethereum (ETH)
$1,653.24 3.65787
Ethereum price
BNB
BNB (BNB)
$215.28 1.75612
BNB price
Solana
Solana (SOL)
$19.93 4.70968
Solana price
XRP
XRP (XRP)
$0.5085570 1.75563
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000073 1.39297
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000007 0.37672
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000041960 3.36502
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Bybit set to expand into Kazakhstan following regulatory approval

bybit-set-to-expand-into-kazakhstan-following-regulatory-approval
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Bybit set to expand into Kazakhstan following regulatory approval

Bybit, currently the second-largest cryptocurrency derivative exchange worldwide by volume, has been granted in-principle approval by the Astana Financial Services Authority (AFSA) of Kazakhstan to offer a range of crypto services.

The in-principle approval sets forth pre-conditions that Bybit must meet to secure permanent authorization, contingent upon the successful completion of the full application process.

Once these conditions are met, Bybit will be permitted to operate a digital asset trading facility and provide custody services within the Astana International Financial Centre (AIFC) in Kazakhstan.

Kazakhstan serves as a crucial access point to the Commonwealth of Independent States (CIS), a burgeoning market that is swiftly adopting cryptocurrencies.

The region has carved out a niche for itself as a hub for cryptocurrency activity, including mining and blockchain development. Bybit acknowledges the potential of this market and is eager to extend its services to customers in Kazakhstan and the broader CIS region.

Ben Zhou, co-founder and CEO of Bybit, expressed his company’s commitment to regulatory compliance, “Our primary objective has always been to operate our business in compliance with relevant rules and regulations.”

Bybit’s commitment to operating within regulatory frameworks is evident in its aspiration to establish a presence in the AIFC. The AIFC is recognized as a progressive fintech jurisdiction that provides a regulatory framework for cryptocurrencies in CIS countries.

The recent move by Bybit is a significant step forward in the ongoing global expansion of the cryptocurrency industry.

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