The head of the fintech association of Central Asia called for the harmonization of standards to attract investments
He noted that a key aspect of this process will be the integration of digital technologies in compliance with international standards; however, the harmonization of standards should be the focus.
"For American financial organizations and investors, market predictability is fundamental, as well as compliance with requirements in the areas of compliance, governance, data protection, and cybersecurity. Without meeting these conditions, no digital solutions will succeed on the international stage," Nasirov emphasized.
According to him, once trust is established, it will be possible to move on to the development of the capital market, which is one of the pressing issues in the region.
"Without a fully functioning capital market, it will be difficult for us to attract investments. At the moment, this is what hinders the growth of innovative projects and startups that need access to financing," he added.
Nasirov also noted that the combination of digital integration with international standards will make the Central Asian market more attractive and understandable for investors.
"Although fintech markets and e-commerce are developing rapidly, investors are looking not at individual countries but at the region as a whole," he concluded.
Furthermore, he called for viewing Central Asia as a unified space for business and investment.