Kazakhstan

Coin Idol TV News channel digest on April 4 features the following topics from the world of Blockchain and crypto currency: Kazakhstan plans to ban Bitcoin tradings, fashion store in Lithuania to accept Cryptocurrencies

The National Bank of Kazakhstan has prepared amendments to the legislation aimed at tightening regulation of bitcoin and altcoins in the country. In particular, the institution intends to prohibit the purchase and sale of virtual coins for fiat currency on cryptocurrency exchanges, as well as any kind of mining.

Despite the debates around Bitcoin on whether it may be considered money, there are more and more payment options appearing for it in the market.

The National Bank of Kazakhstan, in collaboration with IBM and Almaty Tech Garden accelerator, are developing a Blockchain-based solution for securities purchases using digital currency.