RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 11, 2019 No. 178

About approval of Rules of introduction and cancellation by National Bank of the Republic of Kazakhstan of specific mode of regulation, implementation of the activities connected with digital assets and (or) payment services within specific mode of regulation, selection criteria by National Bank of the Republic of Kazakhstan and Rules of consideration of documents for the conclusion of the agreement on implementation of activities within specific mode of regulation

According to the subitem 49) of paragraph two and with subitem 16 of the paragraph of the fourth of part two of Item 19 of the Regulations on National Bank of the Republic of Kazakhstan approved by the Presidential decree of the Republic of Kazakhstan of December 31, 2003 No. 1271 "About approval of the Provision and structure of National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve Rules of introduction and cancellation by National Bank of the Republic of Kazakhstan of specific mode of regulation, implementation of the activities connected with digital assets and (or) payment services within specific mode of regulation, according to appendix 1 to this resolution.

2. Approve the following selection criteria by National Bank of the Republic of Kazakhstan for participation in specific mode of regulation:

1) the applicant is bank of the second level of the Republic of Kazakhstan, the organization performing separate types of banking activities, the payment resident organization of the Republic of Kazakhstan and (or) other legal resident person of the Republic of Kazakhstan, not being the financial organization;

2) the founder - physical person or the first head of executive body or governing body of the founder - the legal entity of the applicant has no not removed or unspent conviction and (or) concerning them criminal prosecution for criminal offenses in the field of economic activity was not performed;

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