Business Daily Media

Business Marketing

Bybit Receives In-Principle Approval to Operate in Kazakhstan

ASTANA, KAZAKHSTAN - Media OutReach - 29 May 2023 - Bybit, the world's third most visited crypto exchange, has received in-principle approval by Kazakhstan's Astana Financial Services Authority (AFSA). This latest approval highlights Bybit's continued commitment to expanding its presence in emerging and dynamic markets.



The in-principle approval subjects Bybit to pre-conditions leading to permanent authorization upon Bybit's completion of the full application process. With this approval, Bybit will be allowed to operate a Digital Asset Trading Facility and provide Custody Services at the Astana International Financial Centre (AIFC) in Kazakhstan.

Kazakhstan is a gateway to the Commonwealth of Independent States (CIS), a fast-growing market that is rapidly embracing cryptocurrencies. The region has established itself as a hub for cryptocurrencies, mining, and blockchain development. Bybit recognizes the potential of this market and is excited to offer its services to customers in Kazakhstan and CIS.

"It has always been our primary objective to operate our business in compliance with relevant rules and regulations. Bybit firmly supports the regulatory objective of establishing a compliant, secure, and transparent cryptocurrency industry to benefit users." said Ben Zhou, co-founder and CEO of Bybit. "We are delighted to receive an in-principle approval from AFSA. We believe in the promising potential of the CIS and are eager to open up our world-class trading platform for crypto enthusiasts in the region. We are committed to continuing to improve the cryptocurrency industry's standards and provide a valuable experience to our customers."

Bybit is committed to operating in line with regulatory frameworks and aspires to have a presence in the AIFC, which leads the way as a progressive fintech jurisdiction and provides a regulatory framework for crypto in CIS countries.

Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For more information please visit:

For updates, please follow:










News from Asia

Asia Pacific Enterprise Achievement Award 2024

Organized by Echolade, a brand of Pulse Radar Limited Recognizing outstanding companies HONG KONG SAR - Media OutReach Newswire - 26 March 2024 – Organized by Echolade, a brand of Pulse Radar ...

NeuroTree Reveals How Hidden Visual Skills Can Affect Learning in Children

SINGAPORE - Media OutReach Newswire - 26 March 2024 - Recent research showcased in Frontiers in Education unveils a previously overlooked influence on reading development: the crucial ...

Opening ceremony for Lingnan University Institute for Advanced Study to attract world-class scholars

HONG KONG SAR - Media OutReach Newswire - 26 March 2024 - Lingnan University announced today (26 March) the establishment of the Lingnan University Institute for Advanced Study (LUIAS), and held a...

UN Digital Buddhism Research & Innovation Center Makes A Stunning Debut, NetDragon Digital Religion Department Assist Thailand's National Buddhist Strategic Deployment

BANGKOK, THAILAND - Media OutReach Newswire - 26 March 2024 - On March 20, 2024, at the request and arrangement of Thailand National Center for The Dissemination of Buddhism and National Buddhist ...

Hydroball Technics Pledges Support for Singapore's Zero Net Emission Target by 2050 with HydroBall Automatic Tube Cleaning (ATC) System

SINGAPORE - Media OutReach Newswire - 26 March 2024 - Hydroball Technics Singapore, a pioneer in Green Energy & Water Conservation since 2003, is making significant strides in promoting enviro...

Kerry Logistics Network Announces 2023 Annual Results

HONG KONG SAR - Media OutReach Newswire - 26 March 2024 - Kerry Logistics Network Limited ('Kerry Logistics Network' or together with its subsidiaries, the 'Group' or 'KLN Group'; Stock Code 0636...

VinFast introduces a comprehensive electric vehicle lineup at BIMS 2024

BANGKOK, THAILAND - Media OutReach Newswire - 26 March 2024 - At the Bangkok International Motor Show (BIMS) 2024, VinFast Auto (Nasdaq: VFS) introduces a diverse range of green mobility solution...

ZJLD Group Recorded Revenue of more than RMB7 Billion for FY2023 Annual Results

The Premiumization Strategy Saw Outstanding Results, and Brand Reputation Steadily Escalated HONG KONG SAR - Media OutReach Newswire - 26 March 2024 - ZJLD Group Inc. ("ZJLD" or the "Company", t...

Central Department Store, under Central Retail, Massively Invests Bt 4 Billion to Transform Central Chidlom to a Luxury Department Store, "The Store of Bangkok"

BANGKOK, THAILAND - Media OutReach Newswire - 26 March 2024 - Central Department Store, under Central Retail Corporation, has announced a substantial investment of 4 billion baht to transform Cent...

Global Trading Platform Moomoo CA Rings the Opening Bell at Toronto Stock Exchange

TORONTO, CANADA - Media OutReach Newswire - 26 March 2024 - Moomoo Financial Canada Inc. (Moomoo CA), a leading next generation stock trading platform, rings the opening bell at the Toronto Stock...

Popular

Aussies set to drop $3.8 billion on sales

After a tough period of border closures and restrictions, Australians are set to treat themselves this sales season, according to new research by Finder, Australia’s most visited comparison site. A nationally representative...

Meet the CEO who is taking the global stage to reform clinical trials

Clinical trials are the lifeline of the healthcare industry, propelling the development of innovative treatments and therapies for a wide spectrum of medical conditions. Surprisingly, many individuals remain unaware of the signi...

Greater Western Sydney leading the building boom charge

  Oneflare, an online marketplace dedicated to connecting high-quality Australian businesses with the customers that need them, has released new data on the top suburbs across NSW using its platform to get jobs done.    C...

Virtual Office
Tomorrow Business Growth