Kazakhstani Companies Eager to Embrace Blockchain
“There are no companies operating in the blockchain market in Kazakhstan, but there are more companies that see the promise of technology for themselves,” Yesset Butin, co-founder and council chairperson of the newly-created group, told a local media outlet.
According to Butin, the association’s primary objective is to “prescribe the rules of the game in the blockchain market” in the Central Asian country – in collaboration with state banking authorities. The group is aiming to help craft a legislative framework that would enable the region to adopt blockchain technology.
It appears as though business owners in Kazakhstan are eager to join the endeavor. Midway through November, the association applied to be registered as a legally-recognized entity. At that point, the group already had six founding member organizations. Since then, 15 more have asked to become members.