ByBit Gets “In-Principles” Approval from Kazakhstan

Asia is expected to be the next global crypto hub and every country will make its own effort to claim a larger share in the crypto market.

One of those countries is Kazakhstan, which has been one of the top destinations for miners that left China but for crypto companies that want to develop its market share in Asia.

One of the crypto exchanges that applied and took the “pre-approval” for the Kazakhstan territory is ByBit, in contrast with what happened with the Japanese authorities.

Indeed, Kazakhstan has imposed a term to mining companies that operate in its territory that 75 % of revenues from crypto sales must go through exchanges so there is more transparency.

The news from the Asia are keep coming…..