Bitfury Partners With Kazakhstan-Based Financial Hub to Cooperate on Blockchain Projects

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Bitfury teamed up with the Astana International Financial Centre to collaborate on blockchain development in the region.

Blockchain tech giant Bitfury partnered with major Kazakhstan-based financial hub to apply the technology across multiple industries, local government-backed newspaper The Astana Times reports on May 21.

Headquartered in Nur-Sultan, the newly renamed capital of Kazakhstan, the Astana International Financial Centre (AIFC) will apply Bitfury’s blockchain expertise in creating projects and promoting new startups on a global scale.

In turn, Bitfury plans to launch data centers in Kazakhstan to gain exposure and cooperate with the Nur-Sultan city administration, as well as support the development and promotion of distributed ledger technology (DLT) in the region. The blockchain firm is also planning to open education and training courses on the platform of the AIFC Bureau for Continuing Professional Development, the report notes.

Timur Bairov, Head of Kazakhstan for the Bitfury Group, said that Bitfury has already “shown its strong commitment to education and equal access to technology” via blockchain in Georgia and Ukraine.

Founded in 2015, the AIFC is reportedly positioned as a financial hub for the countries of Central Asia, the Caucasus, Eurasian Economic Union, Middle East, Western China, Mongolia and Europe.

In April, Bitfury partnered with a Swiss investment firm to set up a bitcoin mining fund for institutional investors, receiving regulatory approval for the fund.

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