Bybit Receives In-Principle Approval to Operate in Kazakhstan

ASTANA, KAZAKHSTAN – Media OutReach – 29 May 2023 – Bybit, the world’s third most visited crypto exchange, has received in-principle approval by Kazakhstan’s Astana Financial Services Authority (AFSA). This latest approval highlights Bybit’s continued commitment to expanding its presence in emerging and dynamic markets.

The in-principle approval subjects Bybit to pre-conditions leading to permanent authorization upon Bybit’s completion of the full application process. With this approval, Bybit will be allowed to operate a Digital Asset Trading Facility and provide Custody Services at the Astana International Financial Centre (AIFC) in Kazakhstan.

Kazakhstan is a gateway to the Commonwealth of Independent States (CIS), a fast-growing market that is rapidly embracing cryptocurrencies. The region has established itself as a hub for cryptocurrencies, mining, and blockchain development. Bybit recognizes the potential of this market and is excited to offer its services to customers in Kazakhstan and CIS.

“It has always been our primary objective to operate our business in compliance with relevant rules and regulations. Bybit firmly supports the regulatory objective of establishing a compliant, secure, and transparent cryptocurrency industry to benefit users.” said Ben Zhou, co-founder and CEO of Bybit. “We are delighted to receive an in-principle approval from AFSA. We believe in the promising potential of the CIS and are eager to open up our world-class trading platform for crypto enthusiasts in the region. We are committed to continuing to improve the cryptocurrency industry’s standards and provide a valuable experience to our customers.”

Bybit is committed to operating in line with regulatory frameworks and aspires to have a presence in the AIFC, which leads the way as a progressive fintech jurisdiction and provides a regulatory framework for crypto in CIS countries.

#Bybit / #TheCryptoArk

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For more information please visit:

For updates, please follow: Bybit’s Communities and Social Media

For media inquiries, please contact:

Jordanian team wins 2nd prize in Huawei ICT Competition

A Jordanian team from the Faculty of Information Technology at Yarmouk University (YU) and Princess Sumaya University for Technology (PSUT) won second place in Huawei ICT Competition 2022 2023 Global Final, in “Network Track,” which was recently held in China. According to a YU statement on Monday, the team comprised of student Yazan Shnik from the YU Faculty of Information Technology, and Aws Rayyan and Hamza Zubaidi from PSUT. Director of the YU Center for E-Learning and Open Educational Resources, Ahmed Kleib, who oversaw the participation, said the competition was attended by 140 teams from 62 countries around the world. Kleib added that the competition aimed mainly at developing youth tech and information capabilities and preparing a talented technical generation to contribute to building the Kingdom’s digital economy, and advancing its social and economic development by seizing modern technologies. Meanwhile, YU President, Islam Massad, greeted the Jordanian team on this achievement, valuing efforts of the university’s faculty members in presenting expertise to students, to obtain “distinguished” job opportunities in the Arab and regional labor market.

Source: Jordan News Agency

Jordanian olive oil producers to display products in Netherlands-JOPEA

Head of Jordan Olive Products Exporters Association (JOPEA) , Fayyad Zyoud, said the Netherlands “opened doors” to display Jordanian olive oil products. In a statement to “Petra” on Monday, he noted a group of producers of Jordanian “high quality” virgin olive oil are scheduled to participate in the 2nd Amsterdam International Olive Oil Competition, on June 1, 2023. Zyoud added that participation in the competition will enable Jordanian producers to display their “distinguished” products on the international

Source: Jordan News Agency

Year of Sustainability encourages public towards conservation efforts

DUBAI, 29th May, 2023 (WAM) — The “UAE Year of Sustainability: Today For Tomorrow’s” has launched a video that sheds light on the importance of environmental conservation to protect our resources for future generations. Through community-focused activations and educational content, the Year of Sustainability initiative encourages residents to adopt an environmentally-conscious lifestyle for a sustainable future, by focusing on efforts such as, switching to plastic-free alternatives, protecting UAE’s ecosystems from waste left behind, segregating waste to recycle and encouraging the use of public transportation. Esraa Esmail

Source: Emirates News Agency (WAM)