Kazakhstan banks to issue e-money 02 марта 2011, 20:28
Kazakhstan banks to issue e-money
Kazakhstan banks will shortly be able to issue e-money. Respective legislation has been passed by the country’s Majilis (Lower Chamber of the Parliament) in the first reading today.
This law will introduce the notion of e-money, which is brand new to Kazakhstan.
According to the legislation draft, individuals will be able to make transactions worth no more than USD 5 000 a day. This limit is introduced for safety reasons.