Kazakhstan imposes restrictions on the amount of investments in cryptocurrency

• The Kazakh authorities have prohibited the purchase of cryptocurrencies in amounts above certain limits.
• This decision wasadopted to protect investors, as crypto assets can lead to the loss of investment capital.

Department of Financial Services of Astana (AstanaFinancial Services Authority, AFSA) reported to the Kazakh publication Kapital.kz that as of October 26, 2021, there are restrictions on the purchase of cryptocurrency in the country. They will not be able to purchase digital assets in excess of a certain limit.

There are two types of limits:

• $ 1,000 per month for those individuals who cannot verify the origin of their income;
• If the investor can confirm the legalityof his funds, he is allowed to buy cryptocurrencies for a maximum of 10% of annual income or 5% of the value of his assets. But there is still a maximum limit of $ 100,000.

Restrictions apply to persons who carry out trading operations on sites registered with the Astana International Financial Center (AIFC).

“With the help of limits, we protect investors, since buying cryptocurrencies is associated with increased risks. Investors can completely lose their capital ", noted AFSA.

The regulator also noted that the country has already created a roadmap for the development of the crypto market. Work in this direction is underway, and the implementation period for the plans is expected until the end of 2022.

“By the end of 2021, crypto exchanges will be launched, after which they will work in test mode. As a result of the initiative, it is planned to change the legislation ", noted AFSA representatives.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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