Kazakhstan Caps Most Retail Investors’ Crypto Purchases at USD 1,000 a Month
Regulators in Kazakhstan have limited the amount of money retail investors can spend on crypto purchases on domestic exchanges.
Per Kapital, the decision was made by the Astana International Financial Center (AIFC), the financial hub and body that answers to the President of Kazakhstan and regulates crypto firms and conventional finance providers. The decision appears to have been made in a very low-key manner, as details of the rule change – which was enforced on October 26 – were revealed to the media outlet in response to a request for information.
Under the new rules, if retail traders do not prove their income and asset worth (excluding the worth of the houses or apartments they use as their primary residences), they will only be allowed
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