It hasn’t been long since Astana International Financial Centre (AIFC), the main financial hub based in Kazakhstan, signed a memorandum of understanding (MoU) with Fidor Solutions, a digital-only company based in Germany. The agreement aims to cement and encourage the progression of fintech programs in Kazakhstan.
Astana Financial Services Authority (AFSA) acting CEO, Mukhtar Bubeyev, announced this:
“Signing the IOSCO MMoU is an important milestone in formation of regulatory framework of AIFC and development of capital markets in the AIFC. We are very proud to be part of the large group of signatories to the IOSCO MMoU and to demonstrate our commitment to international enforcement cooperation.”
The building blocks are certainly in place but this still raises many possibilities in the country as well as the untapped potential of the crypto business space such as implementing machine learning in cross border trading. And that’s not all.
With the MoU, it will guarantee more efficient and systematic government operations in less time than ever before. Not only that, by adopting the new technology, it promises airtight security.
The Kazakh officials carry out to develop tech solutions to promote the economic growth and well-being of its people. And one of them is how can the blockchain contribute to education.
Learning with blockchain
From the first of July until the fourth, a conference called Astana Finance Days was held in the buzzing capital city of Kazakhstan, the Nur-Sultan.
On July 2, the first education forum of the country was put into action by EdTech. The event gathered about 300 tech field experts in diverse professional backgrounds such as developers, education, business, and finance.
Its goal is to unite and expand by collaborating in pursuit of innovation as well as tech and career advancement. This common purpose persists to meet the challenging roadblocks that the fourth industrial revolution may impact in the coming days.
Inspiring tech projects were put into the spotlight during the EdTech forum. This has been recorded as the first time that the twenty (20) leading local companies have come together and participated in the event. Participants have received a critical and constructive assessment from the project exhibition and what it can entails with. The event also includes workshops, hands-on classes, and panel sessions.
Experts believe that with the support of the government and international companies, “jobs of the future” isn’t far from reality.
In the time of this writing, an official regulation that concerns with blockchain technology is in progress.