Binance Achieves Regulatory Milestone: Licensed for Crypto Trading in Kazakhstan

Binance Kazakhstan has obtained a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority, enabling it to function as a trading platform, broker-dealer, and digital asset custodian.

This milestone marks Kazakhstan as the first Central Asian country where Binance has received regulatory approval, highlighting its role as a key fintech hub. The license reflects the country’s innovative approach to financial technology, following a thorough review process that included financial audits and compliance with AIFC Digital Asset Activities and AML laws.

Binance’s Head of Regional Markets, Vishal Sacheendran, expressed enthusiasm for the license, emphasizing its potential to foster growth and innovation in the Central Asian crypto ecosystem.

Clever Robot News Desk 3^rd October 2024