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Payward, the parent company of cryptocurrency exchange Kraken, has obtained in-principle approval from Kazakhstan’s Astana Financial Services Authority (AFSA) to operate a local crypto business, NewsBTC reported.
The approval covers operations by Payward Kazakhstan within the Astana International Financial Centre (AIFC), including a digital asset trading platform, investment product trading, and asset custody services. Payward plans to let local users access the order book and liquidity of its existing global trading network. No specific launch timeline was disclosed.