3-5th July 2018 — Astana, Kazakhstan

3-5th July 2018

11/06/2018, 18:05

AIFC Daily: the highlights of Kazakhstan's and world's media of the day

Nazarbayev proposed to construct the Eurasian high-speed railway

QINDAO / China /June, 10 / TASS / Nursultan Nazarbayev, President of Kazakhstan suggested that the Shanghai Cooperation Organization (SCO) countries implement the project of the Eurasian high-speed ​​railway. He stated this on Sunday at the 18th meeting of the SCO Council Heads of State in Qingdao.

"Implementation of the Eurasian high-speed railway along the Beijing-Astana-Moscow-Berlin route may become such a project. The implementation of these projects will unite the promising format of interaction between the SCO-EEA (Eurasian Economic Union – note by TASS) and in the future, hopefully the EU" - Nursultan Nazarbayev emphasized.

In addition, the President of Kazakhstan spoke about the launch of the Astana International Financial Center, which will embody the best models of the world's leading financial centres and will have a positive impact on the economy of Kazakhstan and the development of the financial system of all SCO countries.


Islamic sukuk bonds will be issued on the AIFC Exchange

ASTANA. KAZINFORM - Islamic sukuk bonds will be issued at the Astana International Financial Centre. This was announced by Bakhyt Sultanov, Minister of Finance of the Republic of Kazakhstan at the plenary session of the Senate of the Parliament of the Republic of Kazakhstan, MIA Kazinform correspondent reports.

"The level of public debt, including the external debt of the subjects of the quasi-public sector, is one of the main issues. The public debt in relation to GDP was 26%. External debt accounts for 34%, so only a third of the public debt is subject to changes in foreign exchange rates. The further policy of financing the budget deficit will also be directed to internal resources. To effectively manage public debt, measures will be taken to diversify its instruments. This is the issue of Islamic sukuk bonds on the exchange of the Astana International Financial Centre and placement of our securities in tenge for international investors" Bakhyt Sultanov said.


Legalization of crypto currency in Kazakhstan will prevent money laundering - opinion

The president of the National Association for the Blockchain and Crypto technologies development Alan Dordzhiev believes that Kazakhstan should legalize the trading crypto-currencies platforms, LS reports.

"Regulation of the crypto-currency market should be thoughtful, because the main regulation aspect of such platforms is the procedure in which you must show the origin of your funds. Market participants should make up that category of people who would not represent a criminal community, meaning they would not be launderers of money. In this case, following the example of Japan, in Kazakhstan, at the first stage, these trading floors should be legalized" – Alan Dordzhiev said.

Earlier, Deputy Prime Minister Askar Zhumagaliyev said that in Kazakhstan they will draft amendments to legislation on blockhain technologies regulation and instructed the Ministry of Information and Communications to accelerate the implementation in the state administration.

In turn, Asylbek Davletov, Director of the FinTech department of the Astana International Financial Centre informed that in Kazakhstan they developed a concept for regulating crypto-currencies.



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