Bybit Receives In-Principle Approval to Operate in Kazakhstan

ASTANA, KAZAKHSTAN – Media OutReach – 29 May 2023 – Bybit, the world’s third most visited crypto exchange, has received in-principle approval by Kazakhstan’s Astana Financial Services Authority (AFSA). This latest approval highlights Bybit’s continued commitment to expanding its presence in emerging and dynamic markets. The in-principle approval subjects Bybit to pre-conditions leading to permanent […]

ASTANA, KAZAKHSTAN – Media OutReach – 29 May 2023 – Bybit, the world’s third most visited crypto exchange, has received in-principle approval by Kazakhstan’s Astana Financial Services Authority (AFSA). This latest approval highlights Bybit’s continued commitment to expanding its presence in emerging and dynamic markets.

The in-principle approval subjects Bybit to pre-conditions leading to permanent authorization upon Bybit’s completion of the full application process. With this approval, Bybit will be allowed to operate a Digital Asset Trading Facility and provide Custody Services at the Astana International Financial Centre (AIFC) in Kazakhstan.

Kazakhstan is a gateway to the Commonwealth of Independent States (CIS), a fast-growing market that is rapidly embracing cryptocurrencies. The region has established itself as a hub for cryptocurrencies, mining, and blockchain development. Bybit recognizes the potential of this market and is excited to offer its services to customers in Kazakhstan and CIS.

“It has always been our primary objective to operate our business in compliance with relevant rules and regulations. Bybit firmly supports the regulatory objective of establishing a compliant, secure, and transparent cryptocurrency industry to benefit users.” said Ben Zhou, co-founder and CEO of Bybit. “We are delighted to receive an in-principle approval from AFSA. We believe in the promising potential of the CIS and are eager to open up our world-class trading platform for crypto enthusiasts in the region. We are committed to continuing to improve the cryptocurrency industry’s standards and provide a valuable experience to our customers.”

Bybit is committed to operating in line with regulatory frameworks and aspires to have a presence in the AIFC, which leads the way as a progressive fintech jurisdiction and provides a regulatory framework for crypto in CIS countries.

#Bybit / #TheCryptoArk

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For more information please visit: https://www.bybit.com/

For updates, please follow: Bybit’s Communities and Social Media

https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit

For media inquiries, please contact: press@bybit.com

MAKARY: THE NUMBER OF SYRIAN REFUGEES IS UNACCEPTABLE AND AFFECTS THE COUNTRY’S ECONOMY, AND THEIR DEPORTATION WILL NOT BE RANDOM

Caretaker Minister of Information, Ziad Makary, said, in an interview within a report prepared by the German Press Agency (DPA) about the Syrian refugees in Lebanon: ‘Concerning the (Syrian refugees) deportations, we are just applying the Lebanese law…

Caretaker Minister of Information, Ziad Makary, said, in an interview within a report prepared by the German Press Agency (DPA) about the Syrian refugees in Lebanon: 'Concerning the (Syrian refugees) deportations, we are just applying the Lebanese laws that all the countries are applying. As you know we have more than 2 million refugees in Lebanon which is a huge number and is unacceptable...". Caretaker Minister Makary added that the problem of the Syrian refugees should be solved as soon as possible because it is affecting the country's already ailing economy, its society as well as the environment. "We will not deport Syrian refugees randomly..," the Minister stressed. As for the Syrian refugees who cannot go back to Syria for political reasons, the minister said: "We are not committed to send them back because of their safety."

Source: National News Agency - Lebanon

Malaysian Pilgrims Appreciate Makkah Route Initiative

Malaysian pilgrims’ travel procedures, from Kuala Lumpur International Airport (KLIA) to the Kingdom of Saudi Arabia to perform the Hajj rituals this year, 1444 AH, have been greatly facilitated by the Makkah Route Initiative.Many expressed their appr…

Malaysian pilgrims' travel procedures, from Kuala Lumpur International Airport (KLIA) to the Kingdom of Saudi Arabia to perform the Hajj rituals this year, 1444 AH, have been greatly facilitated by the Makkah Route Initiative.

Many expressed their appreciation for the initiative at KLIA, which they view as a great effort exerted by the Kingdom of Saudi Arabia to provide the highest level of comfort and ease the burden of travel for the pilgrims.

The Makkah Route Initiative is one of the Saudi Ministry of Interior initiatives intending to serve pilgrims; it is part of the Pilgrim Experience Program of the Saudi Vision 2030.

Through the initiative, all travel procedures needed by pilgrims are finalized in their homeland, including having visas issued electronically, having passport procedures carried out at the airport of the country of departure and ensuring that travelers meet all health requirements.

It also includes coding and sorting baggage, according to the transportation and accommodation arrangements in the Kingdom of Saudi Arabia, offering transportation to pilgrims to their places of residence in Makkah and Madinah, and having their baggage delivered to their accommodations.

Source: Saudi Press Agency

Saudi Mission to US Witnesses Graduation of Saudi Scholars at Harvard University and Massachusetts Institute of Technology

On behalf of Saudi Arabia’s Ambassador to the United States Princess Reema bint Bandar bin Sultan bin Abdulaziz Al Saud, Prince Musab bin Mohammed bin Fahd, Deputy Head of the Kingdom’s Mission to the United States, witnessed the graduation ceremony o…

On behalf of Saudi Arabia's Ambassador to the United States Princess Reema bint Bandar bin Sultan bin Abdulaziz Al Saud, Prince Musab bin Mohammed bin Fahd, Deputy Head of the Kingdom's Mission to the United States, witnessed the graduation ceremony of Saudi students on scholarships at Harvard University and the Massachusetts Institute of Technology, University of Harvard in Boston, Massachusetts, in the presence of the cultural attaché at the Kingdom’s embassy in Washington, Dr. Fawzi Bukhari.

During his speech, the Deputy Head of the Kingdom's Mission praised the achievements of Saudi nationals in all fields, including the success of Saudi students in the most prestigious academic institutions globally.

Dr. Bukhari stated that the strategy of the Custodian of the Two Holy Mosques Scholarship Program, launched by HRH the Crown Prince and Chairman of the Human Capability Development Program on March 7, 2022, has begun to bear fruit.

The scholarship strategy contributes to improving the efficiency of human capital in new and promising sectors, by dispatching scholars to prominent educational institutions, within the framework of Saudi Arabia's Vision 2030.

Dr. Bukhari added, "HRH The Crown Prince had launched the fourth phase of the Custodian of the Two Holy Mosques Scholarship Program, which includes 4 pillars, the first of which is the Pioneer phase, to enroll students in the 30 best universities in various disciplines to tackle Vision 2030 programs".

"Gaining continuous and honorable outputs from the most prestigious international universities, coupled with research and scientific achievements, also investment in boosting education sector in Saudi Arabia, which still acquires the largest share of the state's general budget", Dr. Bukhari also noted.

President of the Saudi Club at Harvard University, Walid Siddiq, confirmed that the presence of the embassy and the cultural attaché at the ceremony reflects the interest of the wise leadership in the education sector and scholarship students, noting that the number of Saudi students from Harvard and Massachusetts this year reached 49 male and female graduates, which constitutes an achievement.

The number of graduates from global education institutions adds to the Custodian of the Two Holy Mosques Scholarship Program series, especially since each Harvard University and the Massachusetts Institute of Technology lead the Shanghai and QS world universities rankings, respectively.

Regarding the total number of students, he said: "It currently stands at 103 Saudi male and female students in the two educational institutions, of whom 57 are at Harvard and 46 at the Massachusetts Institute of Technology, who are specialized in more than 32 unique disciplines of different degrees: bachelor's, master's, doctorate, medical residency, fellowships, and post-doctoral research studies.

Source: Saudi Press Agency

Iraq and South Korea stress the need to activate joint visits between the two countries

The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Muhammad Hussein Muhammad Bahr Al-Uloum, discussed today, Monday, with the Korean Ambassador to Baghdad, Song Soo Joy, the bilateral relations between the two countries.The …

The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Muhammad Hussein Muhammad Bahr Al-Uloum, discussed today, Monday, with the Korean Ambassador to Baghdad, Song Soo Joy, the bilateral relations between the two countries.

The Undersecretary stressed the need to activate joint visits between the two countries and work to complete and sign agreements and memorandums of understanding, pointing to the importance of holding the meetings of the ninth session of the Iraqi-Korean joint committee to enhance bilateral relations between the two countries, and to activate the memorandum of understanding signed between the Korean National Diplomatic Academy and the Iraqi Foreign Service Institute.

For his part, the Korean Ambassador expressed his country's desire to strengthen bilateral relations with Iraqi institutions in various fields, especially since Korean companies are actively contributing to infrastructure construction projects, especially health, energy and housing projects, noting that many Korean officials visited Iraq to strengthen bilateral relations.

Source: National Iraqi News Agency

Al-Hakim: Iraq is experiencing an unprecedented security, economic, social and political state of stability

The Head of the National Wisdom Movement, Ammar al-Hakim, affirmed that Iraq is experiencing an unprecedented state of security, economic, social and political stability.In a press conference held at the headquarters of the Iraqi Embassy in Cairo, Al-H…

The Head of the National Wisdom Movement, Ammar al-Hakim, affirmed that Iraq is experiencing an unprecedented state of security, economic, social and political stability.

In a press conference held at the headquarters of the Iraqi Embassy in Cairo, Al-Hakim pointed out: Iraq's pride in Egypt and its historical roles, stressing that Iraq is experiencing an unprecedented security, economic, social and political state of stability because the state administration coalition represents an incubator for the current government.

He explained that there is a desire to open up to Iraq and develop relations with it, as well as a regional and international desire for its stability.

Al-Hakim renewed the call for a five-way alliance that includes the major countries in the region (Iraq, Egypt, Saudi Arabia, Iran and Turkey) on the basis of political and economic cooperation and achieving development and the interests of the peoples of the region, as development is a basic entry point for achieving the interests of the countries of the region.

Al-Hakim called for the integration of roles between Al-Azhar Al-Sharif Foundation and Al-Najaf Al-Ashraf, because they represent a line of moderation and tolerance, expressing his happiness for the visit of the Grand Imam to Iraq at any time, stressing that it will serve the region and its people because of its impact on the religious and social level.

Al-Hakim indicated that there is a serious will to develop relations between Iraq and Egypt and turn this will into serious steps, expressing his hope that the upcoming meetings of the bilateral committee will come out in a way that serves and enhances the interests of the two countries and the two brotherly peoples.

Source: National Iraqi News Agency