Investment licensing
Kazakhstan AIFC Securities License 2026 — Durov Bets on Astana, xChief Gets Licensed, AFSA Reforms
5,485 companies at AIFC including Binance, Bybit, KPMG, EY. xChief received AFSA license AFSA-A-LA-2025-0012. Pavel Durov opened Telegram's first regional office in Astana. AFSA Capital Market, Digital Assets, and Crowdfunding frameworks amended effective January 2026. Full 2026 analysis.