The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reported on a meeting between its Chair, Madina Abylkassymova, and Hungarian National Bank Deputy Governor Csaba Kandracs on the margins of Astana Finance Days, focused on expanding cooperation in the banking sector. The talks covered regulatory challenges linked to the spread of digital assets and cryptocurrencies, the introduction of distributed ledger technologies, increasing fraud risks, and the emergence of regulatory gaps between traditional and innovative market participants. The update also referenced a memorandum of understanding signed between the Agency and the Hungarian National Bank on 20 November 2024, aimed at developing effective cross-border banking supervision in line with Basel Committee standards.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-09-04
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and the Hungarian National Bank discuss deeper banking cooperation and digital-asset regulation challenges
The Agency for Regulation and Development of the Financial Market of Kazakhstan and the Hungarian National Bank discussed expanding banking cooperation during Astana Finance Days. Key topics included regulatory challenges from digital assets, cryptocurrencies, and distributed ledger technologies. A memorandum of understanding was signed to enhance cross-border banking supervision in accordance with Basel Committee standards.