A delegation from Kazakhstan's financial sector recently visited the United Arab Emirates (UAE) to strengthen collaboration in digital assets and blockchain technology.
A delegation from Kazakhstan’s financial sector visited the United Arab Emirates (UAE) to strengthen collaboration in digital assets and blockchain technology.
The visit, which took place from March 26 to 27, included representatives from the National Bank of Kazakhstan and the Agency for Regulation and Development of Financial Markets (ARDFM). They met with key UAE financial institutions and regulatory bodies to discuss best practices and potential partnerships.
The delegation engaged in discussions on the emerging landscape of digital assets, including regulatory frameworks and the practical applications of blockchain technology. An MoU was signed with the Central Bank of the UAE to exchange best practices in fintech, cybersecurity, and the development of central bank digital currencies.
The delegation also met with the UAE Securities and Commodities Authority to discuss integrating Kazakhstani exchanges, such as the Kazakhstan Stock Exchange (KASE) and the Astana International Financial Centre (AIFC), with the UAE’s Tabadul digital exchange. This partnership aims to improve stock market infrastructure and facilitate cross-border trading via blockchain technology.
A key focus of the visit was sharing experiences in regulating digital financial assets and advancing blockchain technologies with the Virtual Assets Regulatory Authority of the UAE. Meetings with the Abu Dhabi Global Market (ADGM) and Dubai Financial Centre Authority (DFSA) delved into the UAE’s regulatory approaches, particularly for transactions and mutual settlements.
The Kazakh delegation also met with Mubadala Investment Holding and First Abu Dhabi Bank to discuss expanding investment partnerships with Kazakhstan in various sectors of the economy.
Furthermore, the delegation engaged with technology firms, including BCG and Microsoft, to explore building infrastructure for artificial intelligence in Kazakhstan’s financial market.
The National Bank of Kazakhstan expressed hope that these partnerships with the UAE will accelerate the adoption and development of advanced technologies in Kazakhstan’s financial sector.
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