AltcoinKazakhstan Greenlights Toncoin for Trading on Official Exchanges

Kazakhstan Greenlights Toncoin for Trading on Official Exchanges

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Kazakhstan has formally sanctioned Toncoin, integrating it into the roster of 107 cryptocurrencies recognized by the government. The Open Network and its native asset, TON, have captured the attention of investors, sparking significant interest.

An evaluation conducted by Kazakhstan’s Financial Services and Regulatory Committee (AFSA) affirmed that Toncoin (TON) met the stipulated criteria for listing by the financial regulator, enabling its trading on regulated exchanges. The Kazakh government has granted official approval for Toncoin, including it in the array of authorized cryptocurrencies.

Moreover, a rising cohort of investors is expressing keen interest in the Open Network and its core asset, TON. The Open Network facilitates Mini Apps and in-app transactions through the integration of Telegram’s messaging technology and its extensive user base, boasting over 800 million daily active users globally. Notably, Kazakhstan alone accounts for 55 million active Telegram users, as per data from TGStat.

The TON ecosystem embraces blockchain gaming as an integral component. Enthusiasts seeking additional income are fervently engaging with games such as TonPotato, Notcoin, Hamster Kombat, and Notcoin.

The Surging Popularity of Hamster Kombat
Particularly striking is the escalating popularity of Hamster Kombat, drawing attention from various governmental bodies. Concerns and criticisms have been voiced by officials regarding individuals attempting to profit from the game’s token. Uzbekistan’s National Agency for Perspective Projects (NAPP), responsible for overseeing online enterprises and digital commerce, cautioned individuals engaged in the game about potential risks.

Furthermore, the regulatory body clarified its lack of authority over Hamster Kombat’s tokens, as they do not qualify as digital assets stored on the blockchain. Presently, the game remains legally playable within the nation. However, NAPP advised caution, indicating that users might encounter challenges if their tokens transition on-chain, potentially transforming into legitimate digital assets.

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