• The Solana Foundation signed a Memorandum of Understanding with the Government of Kazakhstan
• In May, President Tokayev announced CryptoCity, a regulatory sandbox in Alatau where crypto will be tested in everyday life
• The main objectives of Solana’s Economic Zone in Astana would be tokenization pilots, talent development, startup support

Kazakhstan has established the region’s inaugural Solana Economic Zone (SEZ) in Astana, backed by the Solana Foundation and supported by government officials, international experts, and Web3 leaders. 

To kickstart the project and mark it as a first for Central Asia, the Solana Foundation signed a Memorandum of Understanding with the Government of Kazakhstan.

This is pretty big news for the Central Asian country because it has the potential to give Kazakhstan a huge boost in the crypto world. Granted, it all depends on execution, international trust, and long-term regulatory consistency, but the possibility is there.

Kazakhstan already has a few solid points for crypto, such as a strong energy surplus, making it a good destination for crypto mining and a semi-autonomous financial hub (AIFC – Astana International Finan…

The post Could Kazakhstan Become Central Asia’s Crypto Hub with Solana’s Help? appeared first on Coin Edition.

• The Solana Foundation signed a Memorandum of Understanding with the Government of Kazakhstan
• In May, President Tokayev announced CryptoCity, a regulatory sandbox in Alatau where crypto will be tested in everyday life
• The main objectives of Solana’s Economic Zone in Astana would be tokenization pilots, talent development, startup support

Kazakhstan has established the region’s inaugural Solana Economic Zone (SEZ) in Astana, backed by the Solana Foundation and supported by government officials, international experts, and Web3 leaders. 

To kickstart the project and mark it as a first for Central Asia, the Solana Foundation signed a Memorandum of Understanding with the Government of Kazakhstan.

This is pretty big news for the Central Asian country because it has the potential to give Kazakhstan a huge boost in the crypto world. Granted, it all depends on execution, international trust, and long-term regulatory consistency, but the possibility is there.

Kazakhstan already has a few solid points for crypto, such as a strong energy surplus, making it a good destination for crypto mining and a semi-autonomous financial hub (AIFC – Astana International Finan…

The post Could Kazakhstan Become Central Asia’s Crypto Hub with Solana’s Help? appeared first on Coin Edition.