Article 12-3. Grounds for refusal to issue a license for an operator of the exchange of unsecured digital assets On digital assets in the Republic of Kazakhstan

Home / Laws / Article 12-3. Grounds for refusal to issue a license for an operator of the exchange of unsecured digital assets On digital assets in the Republic of Kazakhstan

A refusal to issue a license to an exchange operator for unsecured digital assets is made on any of the following grounds:

1) unreliability and/or incompleteness of information and/or information in the documents submitted for obtaining a license for exchange operations with unsecured digital assets;

2) submission of an incomplete package of documents or non-compliance of documents with the requirements of this Law and the regulatory legal act of the National Bank of the Republic of Kazakhstan;

3) non-compliance of the head of the executive body of the operator of the exchange of unsecured digital assets with the established requirements;

4) the beneficial owner has an outstanding or outstanding criminal record.

President

Republic of Kazakhstan

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