Navigating the High Stakes: Kazakhstan's Controversial Proposal to Regulate Online Gambling Payments
In the heart of Central Asia, Kazakhstan's fintech and payment sectors find themselves at a crossroads, facing a legislative proposal that could reshape the landscape of online gambling transactions. The proposal, which is stirring considerable debate, involves the creation of a new monopoly entity, the Unified Accounting System (UAS), designed to centralize and manage market participants, process payments, and oversee client settlements. But as the final reading approaches, concerns over transparency, competition, and regulatory implications are mounting.
