No Freedom Allowed
National Bank of Kazakhstan Chairman Daniyar Akishey told Sputnik International that his bank aims to prohibit the exchange of the country’s national currency, the tenge, to and from digital currencies. Additionally, it also aims to prohibit the mining of cryptocurrencies in the country. Said Akishey:
In Kazakhstan, the National Bank is taking very conservative approach toward the matter, and it welcomes nothing but extremely tough restrictions. Therefore, we want to ban the exchange of digital currencies for the national currency. We want to prohibit the stock exchange’s activities in this area, as well as every type of mining.
Unsurprisingly, Akishey spins the bank’s stance to make it seem as though it aims to protect Kazakhstan citizens’ interests — claiming cryptocurrency is dangerous to their users. He also noted:
We minimize the risks related to the national market. However, no central bank has all the instruments to control this market in the cross-border market. …
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