Balaji shifts Network School to Kazakhstan

• Balaji Srinivasan will launch Network School in Kazakhstan after Malaysia shut down the project.
• Malaysia revoked the project's licence over immigration and business rule concerns.
• Kazakhstan said the deal supports its push to attract global technology talent.

Network School founder Balaji Srinivasan has signed an agreement to launch a new campus in Kazakhstan after Malaysia revoked the project's business licence.

The move came days after Malaysian authorities shut down Network School over alleged immigration and licensing breaches, ending its plans in Forest City.

“I am pleased to announce that a memorandum of understanding has been signed between the Republic of Kazakhstan and Network School,” said Network School founder Balaji Srinivasan.

Srinivasan said the Kazakhstan campus will offer faster visas, easier business relocation and support for global technology founders, while Malaysian officials said their decision was based on regulatory compliance.

Network School will now focus on building its community in Kazakhstan, and no share price reaction was available because the organisation is privately held.

Srinivasan founded Network School to create residential communities for entrepreneurs, software developers and investors interested in blockchain and emerging technologies.

Kazakhstan has continued to promote itself as a crypto-friendly destination by supporting digital asset projects and blockchain innovation.