On June 7-8 Astana will host the first international conference “Blockchain regulation: opportunities and risks”. Event will be held on the territory of EXPO, with the participation of the government of Kazakhstan, professional associations and major international companies. The conference will be opened by a key figure in the field of digitalization of Kazakhstan – Deputy Prime Minister of Kazakhstan Askar Zhumagaliyev.
On May 17, At the Astana forum “Global Challenges Summit 2018”, President of Kazakhstan Nursultan Nazarbayev proposed to develop common international rules for the use and regulation of cryptocurrencies.
“Most countries are actively studying the possibility of their adaptation to the current configuration of financial systems. At the same time, in this matter, the actions of States are absolutely scattered, and these scattered actions will lead to inefficiency. It is necessary to start the development of common rules,” President of Kazakhstan Nursultan Nazarbayev said at the plenary session of the Global Challenges Summit 2018 forum
“All that is needed from the state is to consider world practices and ensure wise and modern legislative regulation that will accommodate the interests of the National Bank and computing companies. That is stressed by the Head of State,” said Alan Dorjiyev, President of the National Association of Blockchain and Cryptotechnologies.
The conference on Blockchain regulation in Astana, which will be held on June 7-8, can be the first step towards the development of the necessary legislation. Experts from more than 10 countries of the world are invited to share real cases on regulation.
“We are pleased that the State takes interest to the topic of Cryptotechnologies. Indeed, Kazakhstan has all the opportunities to become a major player in the global Blockchain ecosystem. The country has one of the lowest electricity prices in the world – it really arouses the interest of the foreign investors to the construction of computing data centers,” Alan Dorjiyev added.
Leading global companies and financial institutions, such as IBM, Hyperledger, KPMG, Infosys, European Bank for Reconstruction and Development and others, are already investing in these technologies and are interested also in development of the digital infrastructure of Kazakhstan. Accordingly, the country has the potential to become a new world center of distributed computing, accelerating the pace of digitalization and improving its investment climate in new areas of the economy.