Kazakhstan Introduces Crypto Investment Limits for Retail Players: Report

Kazakhstan Introduces Crypto Investment Limits for Retail Players: Report
Kazakhstan has limited the amount of money local retail investors can put into crypto, domestic news website Kapital.kz reported on Wednesday.Retail investors can invest 10% of their annual income or 5% of their total assets, excluding their main residence, up to $100,000 per year, as long as they provide evidence of their finances to the regulator, the site reported.Should investors not provide any evidence for their finances, they can invest up to $1,000 per month, according to Kapital.kz, which said it attained the information from the Astana Financial Services Agency (AFSA) directly.The AFSA was not available for comment at the…