Just In: Binance Secures Full Digital Asset Trading License In Kazakhstan

Binance Kazakhstan has obtained a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA). This approval allows the platform to operate as a trading facility for digital assets, function as a broker-dealer, and provide custody services for digital assets in Kazakhstan.

Binance Kazakhstan Secures Full Digital Asset Trading License

According to a blog post by the crypto exchange, this move marks a key regulatory milestone, as Binance Kazakhstan becomes the first digital-asset platform in the region to secure such a license. The DATF license from AFSA enables Binance to establish a digital assets trading facility in the country, in compliance with the Astana International Financial Centre’s (AIFC) regulatory framework.

Binance’s Kazakhstan subsidiary underwent a multi-stage review to meet AFSA’s regulatory standards, including external financial audits and ISO certifications. This review assessed the platform’s compliance with codes like AIFC Digital Asset Activities, Conduct of Business Rules, and anti-money laundering (AML) regulations. 

This ensures the security and trustworthiness of Binance Kazakhstan’s systems for providing trading and custody services.

This Is A Breaking News, PleAse Check Back For More 

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.