Binance Receives Preliminary Approval from Kazakhstan for Operations in the Country

Binance, the world’s largest cryptocurrency exchange, announced that it has received pre-approval from the Astana Financial Services Authority (AFSA) in Kazakhstan.

Binance’s August 15 The digital asset from the Astana Financial Services Authority (AFSA) was announced on its official blog site on trading and custody to provide services pre-approval reported to have been received. This is reportedly the first confirmation a Binance organization has received in Kazakhstan. Even if pre-approved according to the regulations, Binance must complete the application process for full authorization.

On the subject in the blog post, Binance founder and CEO Changpeng ZhaoThe following statements were made:

Kazakhstan has shown to be a pioneer in crypto adoption and regulation in Central Asia. This also demonstrates Binance’s commitment to providing services around the world in a secure and regulated environment.

Binance Asia Regional President Gleb Kostarev stated that this is a great success for Binance in Kazakhstan and To Astana International Financial Center (AIFC) thanked Binance for supporting the pre-approval.

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