Kazakhstan to let brokers trade only 16 cryptocurrencies
- —The 16-coin list: BTC, ETH, SOL, XRP, ADA, AVAX, APT, LINK, DOGE, LTC, DOT, SHIB, XLM, XTZ, BCH, HBAR
- —USDT and USDC are classified as unbacked assets and banned for brokers
- —A best-execution principle for orders is introduced, with OTC trades disclosed through the Central Depository
- —The National Bank will create a Committee on Digital Assets and Payment Systems
Why it matters: Kazakhstan is legalizing the crypto market through a narrow whitelist of assets, which will limit trading in stablecoins and altcoins outside the list.
Source: BeInCrypto RU