Kazakhstan’s Financial Services and Regulatory Committee (AFSA) has granted Toncoin (TON) approval for trading on regulated exchanges, following an audit confirming the digital asset meets the regulator’s listing criteria. This approval adds Toncoin to Kazakhstan’s roster of 107 government-approved cryptocurrencies, which includes prominent names like TRON (TRX), Polygon (MATIC), Aptos (APT), Stellar (XLM), Avalanche (AVAX), Bitcoin (BTC), and Ether (ETH).
The Open Network, along with its native asset TON, is gaining traction as a preferred method for value transfer in developing regions. Leveraging Telegram’s extensive user base of over 800 million daily active users and its messaging infrastructure, The Open Network facilitates Mini Apps and in-app payments. Within Kazakhstan, Telegram boasts 55 million active users, enhancing the network’s reach.
Blockchain gaming forms a crucial component of the TON ecosystem, with titles such as Hamster Kombat, Notcoin, Yescoin, and TonPotato capturing users’ attention by offering opportunities for additional income generation.
Hamster Kombat, in particular, has made headlines, drawing scrutiny from government officials. Recently, Uzbekistan’s National Agency for Perspective Projects (NAPP) cautioned individuals looking to capitalize on the game’s tokens. The agency clarified that since Hamster Kombat’s tokens are not onchain digital assets, they fall outside its regulatory oversight. While playing the game remains permissible within Uzbekistan, the NAPP warned citizens that potential onchain migration of tokens in the future might complicate withdrawal processes.
Despite its growing ecosystem, the Open Network faces challenges, as noted by SlowMist founder Yu Xian. Xian, an expert in blockchain security, highlighted a rise in phishing attacks targeting The Open Network amid its rapid expansion, facilitated by its integration with Telegram. Scammers exploit Telegram’s platform to disseminate malicious links through groups, posing risks to users.
(Source: TON Apps)
For related news on Telegram and crypto, Bitget has launched a $20M TON ecosystem fund, underscoring ongoing developments in the sector.
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