Kazakhstan fosters blockchain industry

Kazakhstan will prepare 40,000 blockchain specialists trained at 22 universities by 2026. The acquired skills will enable them to apply and transfer digital data, develop the cryptocurrency market and take responsibility for cybersecurity. Best blockchain experts from the Binance Kazakhstan cryptocurrency exchange share their skills with over 350 teachers to date, as was reported by the company’s representatives during the largest Central Asian Hackathon in Astana. The experts noted that in addition to blockchain technology, Kazakhstan also has a well-developed digital asset market and cryptocurrencies as shown by the fact that the country was one of the first in the world to introduce such educational programs at universities.

“I think Kazakhstan has gone far ahead compared to other countries in the CIS space, as well as in Central and South-Eastern Europe. The country has built an efficient regulatory framework, adopted the law on digital assets, which came into effect on April 1 this year, and created a licensing regime for cryptocurrency exchanges. It also supports integration with the banking sectors at all stages. It is necessary to keep this primacy and develop Kazakhstan as a cryptohub,” said general manager of Binance Kazakhstan Zhaslan Madiyev.

“Kazakhstan’s young specialists and last course students are talented and quite competitive globally to enter the world market. Hackathons themselves are the events aimed at giving an initial impetus through some suggestive tasks. They will start creating their projects during these three days. In the future, we will help to develop them, provide marketing and PR-support to make it possible for students to tap into the global market,” noted Andrey Afanasyevsky, spokesperson of a blockchain company.