The AIFC Financial Services Regulatory Committee (Astana Financial Services Authority, AFSA) said that Telegram founder Pavel Durov personally came to officially approve the launch of TON token trading in Kazakhstan.
"AFSA has made a decision based on the results of a comprehensive audit, having established that Toncoin complies with AFSA regulatory standards. Now investors can trade Toncoin on AFSA–licensed platforms, using a reliable regulatory framework and investor protection measures established by the AIFC," the financial center said in a statement.
The financial regulator expects that the inclusion of Toncoin in the AIFC legal sandbox will attract a new wave of institutional and retail investors to Kazakhstan looking for safe and transparent options for trading digital assets.
Toncoin rate per week increased by 6.1%, to $7.59 with a capitalization of $18 billion. On June 15, TON updated the maximum, at the moment the price exceeded $ 8.17.
In early June, Pavel Durov announced the launch of a payment system for digital goods and services with Telegram Stars tokens. In the official announcement, Durov said that Telegram users will be able to pay for digital goods and services in the social messenger ecosystem with the new Stars token.