Binance approved to operate in Kazakhstan

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Last Update: October 10, 2022

2 mins read

The exchange receives a “permanent license” to offer its services in the Central Asian nation.

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.”

 

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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