Kazpost enters the digital assets market

Kazpost, the operator of Kazakhstan's national postal network, can now conduct fiat transactions with digital assets. This has become possible due to changes in the Rules of Interaction between Digital Asset Service Providers and Commercial Banks of Kazakhstan, introduced by the Astana International Financial Centre (AIFC) in collaboration with the National Bank and the Agency for Regulation and Development of the Financial Market. These changes allow Kazpost to provide its customers with services for depositing and withdrawing funds for digital asset transactions, expanding opportunities for investors and service providers in this rapidly growing market.

The inclusion of Kazpost in the list of fiat channels will increase choices for investors and service providers, which in turn should contribute to an increase in trading volumes and competition in the market. This innovation will open up new opportunities for citizens and businesses interested in digital assets. In 2024, the first collaboration is planned, which will allow holders of the Kazpost payment card to deposit and withdraw fiat funds to and from a crypto exchange online, without the need to visit branches.

Source: afsa.aifc.kz