Kazakhstan and the UAE are stepping up their collaboration in digital assets, blockchain technology, and fintech. A high-level team from Kazakhstan’s financial industry recently visited the UAE on March 26-27, meeting with significant financial institutions and regulators. The team included representatives from the National Bank of Kazakhstan and the Agency for Regulation and Development of Financial Markets.
During the visit, conversations centred on the regulatory landscape of digital assets and the practical applications of blockchain. The National Bank of Kazakhstan confirmed that a MoU has been signed with the Central Bank of the UAE. This agreement is intended to promote collaboration in fintech, cybersecurity, and central bank digital currencies.
Meetings were also held with the UAE Securities and Commodities Authority to discuss merging Kazakhstan’s stock markets, such as KASE and AIFC, with the UAE’s Tabadul digital exchange. This alliance aims to improve stock market infrastructure and enable cross-border blockchain trading.
The group met with the Virtual Assets Regulatory Authority, the Abu Dhabi Global Market, and the Dubai Financial Centre Authority to talk about digital asset rules. They also worked with Mubadala Investment Holding and First Abu Dhabi Bank to build investment relations. Additionally, discussions with BCG and Microsoft centred on AI-driven financial infrastructure development.
