Toncoin has been legalized in Kazakhstan for trading on AFSA-licensed platforms

“AFSA made its decision following a comprehensive review, determining that Toncoin complies with AFSA regulatory standards. Investors can now trade Toncoin on AFSA-licensed platforms, benefiting from the robust regulatory framework and investor protection measures established by the AIFC,” the financial center said in a statement.

The financial regulator expects that the inclusion of Toncoin in the AIFC legal sandbox will attract a new wave of institutional and retail investors to Kazakhstan seeking safe and transparent options for trading digital assets.

The Toncoin rate increased by 6.1% over the week, to $7.59 with a capitalization of $18 billion. On June 15, TON updated its maximum, at which time the price exceeded $8.17. At the beginning of June, Pavel Durov announced the launch of a system for paying for digital goods and services with Telegram Stars tokens. In the official announcement, Durov said that Telegram users will be able to pay for digital goods and services in the social messenger ecosystem with the new Stars token.