Kazakhstan, UAE seek to strengthen cooperation on digital assets and blockchain technology

Odaily News A delegation from the financial sector of Kazakhstan recently visited the United Arab Emirates (UAE) to strengthen cooperation on digital assets and blockchain technology. The visit took place on March 26-27 and included representatives from the National Bank of Kazakhstan and the Agency for Regulation and Development of Financial Markets (ARDFM), who exchanged views with key financial institutions and regulators in the UAE. According to a statement from the National Bank of Kazakhstan, the discussions focused on the expanding digital asset sector, including regulatory frameworks and practical applications of blockchain technology. The National Bank of Kazakhstan signed a memorandum of understanding (MoU) with the Central Bank of the UAE to exchange best practices in fintech, cybersecurity, and CBDC development. The delegation also met with the UAE Securities and Commodities Authority to explore the integration of Kazakh exchanges such as the Kazakh Stock Exchange and the Astana International Financial Center with the UAE's Tabadul Digital Exchange. The cooperation aims to improve stock market infrastructure and promote cross-border transactions through blockchain technology. The Kazakh delegation also held discussions with Mubadala Investment Company and First Abu Dhabi Bank to expand investment cooperation with Kazakhstan. (Bitcoin.com)