Binance Obtains Approval in Principle to Operate in Kazakhstan
Leading crypto exchange won regulatory approval in 2022 to operate as a digital asset service provider in France, at Bahrain, Spain and Dubai.
New
The Astana Financial Services Authority, or AFSA, an independent financial regulator in Kazakhstan, has taken a step towards licensing leading cryptocurrency exchange Binance for operate in the country.
In an announcement on Monday, the AFSA said it had granted approval in principle for Binance to operate as a digital asset trading center and provide custody services in the international financial center of Binance. Astana, a financial center in the capital, Nur-Sultan. In a blog post on Monday, Binance said it was required to complete the process of applying for approval, which the cryptocurrency exchange expected to do "in due course".
According to AFSA CEO Nurkhat Kushimov, the decision to license Binance to operate in Kazakhstan could lead to the development of a “vibrant local and regional digital asset industry ecosystem” . Binance Founder and CEO Changpeng Zhao, or CZ, added that the exchange strives for a "compliance-first" approach, providing products and services "in a safe and well-regulated environment" globally. /p>
#Binance obtains approval in principle from the Astana Financial Services Authority (AFSA) in Kazakhstan https://t.co/w5ERAagSCN< /p > — CZ Binance (@cz_binance) August 15, 2022
In May, CZ met Kaz...
Leading crypto exchange won regulatory approval in 2022 to operate as a digital asset service provider in France, at Bahrain, Spain and Dubai.
New
The Astana Financial Services Authority, or AFSA, an independent financial regulator in Kazakhstan, has taken a step towards licensing leading cryptocurrency exchange Binance for operate in the country.
In an announcement on Monday, the AFSA said it had granted approval in principle for Binance to operate as a digital asset trading center and provide custody services in the international financial center of Binance. Astana, a financial center in the capital, Nur-Sultan. In a blog post on Monday, Binance said it was required to complete the process of applying for approval, which the cryptocurrency exchange expected to do "in due course".
According to AFSA CEO Nurkhat Kushimov, the decision to license Binance to operate in Kazakhstan could lead to the development of a “vibrant local and regional digital asset industry ecosystem” . Binance Founder and CEO Changpeng Zhao, or CZ, added that the exchange strives for a "compliance-first" approach, providing products and services "in a safe and well-regulated environment" globally. /p>
#Binance obtains approval in principle from the Astana Financial Services Authority (AFSA) in Kazakhstan https://t.co/w5ERAagSCN< /p > — CZ Binance (@cz_binance) August 15, 2022
In May, CZ met Kaz...
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