The purpose of the document is to regulate the relations arising during operations with cryptocurrencies through operators of specialized trading platforms. In addition, the document proposes definitions of key terms used in the issuance, storage and handling of digital money: "smart contract", "digital wallets", "mining" and others.
— As a member of the specially created expert Council of the AIFC, I want to fully support my Kazakh colleagues! They took the best practices and combined them into one document — said Elina Sidorenko.
A special place is given to the section on the legal basis for private placement of securities exempt from registration with the financial regulator. The rules developed in it are applicable for the implementation of ICO by institutional and retail investors.
To protect the rights of unqualified investors, the document proposes: to fix the requirement to disclose information necessary for making a reasonable investment decision; set a limit on the amount of the Deposit for unqualified investors.
