AIFC introduces limits for Retail Clients on buying and trading of Digital Assets in AIFC Authorised Digital Asset Trading Facilities

The Astana International Financial Centre (AIFC) has approved amendments to AIFC Conduct of Business Rules and Authorised Market Institution Rules.

The amendments proposed by the Astana Financial Services Authority (AFSA) sets the limits to ensure a greater client protection level of buyers of Digital Assets and aim at facilitating access for Authorised Digital Asset Trading Facilities (crypto–exchanges) to the local banking services, licenced and regulated by the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market (Agency) and the National Bank of Kazakhstan (NBK).

A retail client can now only invest up to US$1,000 per month without providing proof of income or assets or up to either (i) 10 percent of the annual income or (ii) 5 percent of the net worth of such retail client totalling to a maximum aggregate of US$100,000 provided that income or assets are confirmed, whichever is lesser.

You can find the newly introduced amendments here https://afsa.orderly.kz/articles/6.7.-clients-of-an-authorised-digital-asset-trading-facility-and-investment-limits