Nurbank and ATAIX Eurasia have launched a withdrawal service for legal entities

Nurbank and ATAIX Eurasia became innovators, the first to launch a service for withdrawing funds from a fiat balance for legal entities on the Kazakh market. The new service, thanks to the automation of intrabank processes and with an open account in Nurbank, will increase the transaction speed to several minutes.

The motive for the introduction of the new service was the adoption of the Law "On Digital Assets in the Republic of Kazakhstan", according to which, from the beginning of 2024, miners are required to sell at least 50% of the volume of extracted digital assets on the AIFC crypto exchanges, therefore, the developed service is primarily focused on them.       

ATAIX Eurasia, a member of the Kazakhstan Association of Blockchain Technologies and Artificial Intelligence, together with its partners, has already taken significant steps to liberalize the Kazakhstani cryptocurrency market not only for private investors, but also for institutional players such as miners, brokers and investment funds. 

According to experts of the crypto exchange, a joint service with Nurbank will speed up and simplify the movement of assets between crypto and fiat markets. 

"We thank Gulnara Musatayeva, Chairman of the Board of Nurbank JSC, the bank's management and team for their professionalism and openness to innovation," the press service of the ATAIX Eurasia crypto exchange said in a statement.