Cryptocurrency exchange Binance has received its license to operate in Kazakhstan.
The license granted by the Astana Financial Services Authority (AFSA) enables the exchange to provide its services as a digital asset provider and custody services provider at the Astana International Financial Center.
Binance has been working with Kazakhstan to help develop its cryptocurrency firms and boost the country’s digital asset involvement and asset regulation. The new license follows after an in-principle approval in August.
The exchange has been focusing on expanding its global footprint with approvals granted in several other countries such as the Middle East; Abu-Dhabi, Bahrain and Dubai and Israel, Uzbekistan, France, Spain and the UK.
Binance's Asia director Gleb Kostarev said: “We are proud to announce that Binance has taken another step in its quest to be a compliance-focused exchange.”