Toncoin Gains Approval to Trade in Kazakhstan

YEREVAN (CoinChapter.com) — Kazakhstan’s Financial Services and Regulatory Committee (AFSA) has approved Toncoin (TON) for trading on regulated exchanges. This approval follows an audit confirming that Toncoin meets the financial regulator’s listing criteria. Toncoin now joins a group of 107 digital assets approved by Kazakhstan, including Bitcoin, Ethereum, Polygon, and Avalanche.

Telegram’s Integration and Gaming Ecosystem Boost TON’s Popularity

The Open Network (TON) leverages Telegram’s vast user base of over 800 million daily active users to deliver Mini Apps and in-app payments.

According to TGStat, Telegram has 55 million active users in Kazakhstan alone. This integration facilitates the use of TON for value transfer and daily transactions, making it a popular choice in the developing world.

TON’s ecosystem also includes blockchain gaming. Games like Hamster Kombat, Notcoin, Yescoin, and TonPotato are popular among users seeking to earn supplemental income. These games contribute significantly to TON’s appeal and user engagement on the platform.

Security Challenges and Regulatory Warnings

Despite its success, TON faces security challenges. Phishing attacks are increasing, according to SlowMist founder Yu Xian. These attacks exploit TON’s integration with Telegram, where scammers create groups and post malicious links. This issue is a significant concern as TON continues to expand.

Hamster Kombat, a popular game in the TON ecosystem, has drawn attention from government officials. Uzbekistan’s National Agency for Perspective Projects (NAPP) recently issued a warning about the game’s tokens. The regulator clarified that since Hamster Kombat’s tokens are not on-chain digital assets, they fall outside its regulatory scope. However, if these tokens migrate on-chain, withdrawing them could become problematic.